However, most organizations have yet to apply this valuable information to their bottom-line.
Enviance’s work with global aerospace and defense company Lockheed Martin was featured recently in a Gartner report titled “Counting the Costs and Benefits of Supply Chain Sustainability and Associated Environmental Impacts,” written by analyst Stephen Stokes, an expert in supply chain sustainability.
In the case study, Stokes describes how Lockheed Martin used Enviance’s Business Intelligence (BI), which combines best available environmental life cycle assessment techniques with a proven understanding of environmental compliance, costs, and risks, to help companies bridge the gap between environmental and financial impact.
Using Enviance BI, and building off of best practices from McKinsey, as well as another Enviance client, Wal-Mart, Lockheed Martin has already been able to identify $30 million in costs savings.
Readers will discover how Enviance helped Lockheed Martin:
- Quantify how much of the company’s environmental impacts were in its supply chain, compared to direct operations
- Determine, out of a possible 2000 environmental impacts, which are most prevalent
- Identify the highest ROI projects to reduce impacts and costs
Those key findings, made possible by Enviance, are where the $30 million in savings come in.
We highly recommend you take a look at the case study for a better understanding of how companies can isolate their highest impact environmental factors throughout a complex supply chain, while associating a cost to those factors to target the most impactful initiatives to reduce impacts and costs.
For more information or to discuss, you can also contact Yann Risz, VP of Strategy and Environmental Finance at email@example.com.