Daily Newsletter

31 October 2023

Daily Newsletter

31 October 2023

Nike among backers in clean energy project to decarbonise supply chains

In what is being called an industry first, leading corporate energy customers came together to launch the Clean Energy Procurement Academy to equip companies with the technical readiness to explore and adopt clean energy, an essential factor in global decarbonisation.

Shemona Safaya October 30 2023

The Clean Energy Procurement Academy, designed to speed up the integration of clean energy into global supply chains, has been launched with foundational support from companies like Apple, Amazon, Meta, NIKE, PepsiCo, and REI Co-op.

It will blend in-person and online training, along with comprehensive educational resources to:

  • Boost supply chain companies’ capacity to invest in renewable energy through education and data accessibility.
  • Foster synergy among different industries tackling shared challenges in supply chain climate action.
  • Encourage supply chain companies to escalate their renewable energy goals and commitments.
  • Establish new renewable energy buying communities in pivotal manufacturing regions.

Apple and Nike initiated the project through the Clean Energy Buyers Institute (CEBI) and were joined by Amazon, Meta, PepsiCo, and REI Co-op as founding organisations to plan and execute the Clean Energy Procurement Academy.

The founding organisations pooled their expertise and internal training resources to design this shared training curriculum and delivery processes that enable trainees to rapidly mature as clean energy customers.

In addition to this, The Clean Energy Procurement Academy is also supported by the We Mean Business Coalition and will inform curated insights to support more energy customer companies, supply chain partners, and geographies.

Through the collaborative efforts of these corporations and suppliers, the initiative aims to rapidly advance clean energy procurement, address Scope 3 emissions, and decarbonise global supply chains.

Nike's chief sustainability officer, Noel Kinder, says: "We continue to leverage our scale to drive impact and support suppliers in mitigating their climate risk. The Clean Energy Procurement Academy is key to breaking down barriers to clean energy adoption, while also helping us demonstrate demand and advocate for clean energy solutions in essential regions. Collaborating cross-industry helps us tackle systemic challenges together."

CEBI explains that the Clean Energy Procurement Academy is its first major initiative of Global Programmes which launched in 2022 with foundational funding support from Google.

Industry leaders from around the world got together at Reuters IMPACT conference in London recently and discussed that companies are responding to climate issues, but the standards and tools for them to fully address environmental, social and governance (ESG) corporate sustainability challenges remain in development.

Traditional AI is here to stay in the retail and apparel space

Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.

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