UL TOP SOLUTIONS 100 CSOs
Lack of knowledge and resources Food processing companies , often with their own consumer brands , face demands from upstream business customers ( such as retailers , wholesalers and restaurants ) for data and progress while also making their own demands downstream . However , many firms lack dedicated sustainability teams . This can make it difficult for a company to make progress on its initiatives and meet compliance requirements , potentially damaging consumer trust , affecting supplier scores , and reducing business potential with retailers and brands . Failure to report data can result in products being removed from shelves .
Reporting complexity Because there are various approaches to measuring carbon emissions , determining a company ’ s carbon footprint can be an inefficient and confusing process that puts a large burden on companies and often leads to a lack of trust in the reporting data .
Complicated downstream emissions data Capturing downstream emissions — that is , emissions incurred after the food or beverage lands on the retailer ’ s shelf — is extremely complex and often unreliable . Reliable quantitative data cannot be captured without an overarching surveillance program .
Sustainability data reporting software and services from UL Solutions
Efficient and effective data gathering and reporting is the foundation for the food and beverage industry ’ s sustainability journey . Meaningful , reliable data helps companies meet their investors ’, clients ’ and regulators ’ demands while underpinning company action and progress . UL 360 supports food and beverage companies ’ efforts to gather , measure , report and act on key sustainability and environmental , social and governance ( ESG ) data across their organisations while aligning with frameworks such as Carbon Disclosure Project ( CDP ), Sustainability Accounting Standards Board ( SASB ), Global Reporting Initiative ( GRI ), Dow Jones Sustainability Indices ( DJSI ) and the UN SDG ’ s . Our advisory services can help you understand where materiality lies in your value chain , what standards and guidelines are important , and how to optimise your stakeholder engagement and data efficiency processes . This , in turn , helps you optimise your use of reporting software .
Calculating , reporting and reducing scope 3 emissions is no easy feat for any industry , but UL Solutions experts are here to help .
Read the full guide to gain a better understanding of the challenges and opportunities food and beverage companies must consider as they embark on their scope 3 emissions reporting journeys .
Read the full guide
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