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Green Supply Chains

Decarbonizing supply chains is key to advancing NDC goals and building resilience domestically and globally, as global supply chains consist of firms of all sizes that anchor emerging markets and developing economies.

2030 Goals

  • Full decarbonization of supply chains for critical materials (lithium, cobalt, nickel, rare earth elements) via renewable energy and advanced low-carbon technologies.
  • Harmonization of traceability, sustainability reporting, and carbon accounting standards by 2030, aligned with ISO norms and EU regulations like the Corporate Sustainability Due Diligence Directive.
  • Mobilize $50 billion in climate finance by 2030 for sustainable supply chains, focusing on public-private partnerships, with at least $15 billion targeted through blended finance models.

Status

Moderate progress

Global progress is being made, but challenges remain in aligning key stakeholders, ensuring fair labor practices, and mobilizing sufficient financing. Notably, there is a push for more effective policy frameworks, and the mobilization of green finance to support transition efforts in key regions.

Leading Actors

Private FIs

BlackRock, Vanguard, Brookfield Asset Management, Temasek, Caisse de dépôt et placement du Québec (CDPQ), Macquarie Group, Goldman Sachs, Mitsubishi UFJ Financial Group (MUFG)

Public FIs

KfW (Germany), Japan Bank for International Cooperation

Multilateral Development Banks

Asian Development Bank (ADB), African Development Bank (AfDB), Asian Infrastructure Investment Bank (AIIB), European Investment Bank (EIB), Inter-American Development Bank (IDB), International Finance Corporation (IFC), World Bank, Black Sea Trade and Development Bank (BSTDB)

International Organizations

IRENA, International Labor Organization (ILO), World Economic Forum (WEF), UNIDO, OECD, UNEP Finance Initiative (UNEP FI), UN Global Compact

Leading Countries

Brazil, EU Countries, Germany, India, Indonesia, Netherlands, South Africa, United Kingdom, United States of America

Alliances

EU Green Deal, African Union, International Solar Alliance (ISA), Climate Investment Platform (CIP)

Supportive Stakeholders

International Trade Union Confederation (ITUC), Consumer Goods Forum (CGF), International Chamber of Commerce

Milestones

The below events contain milestones related to Green Supply Chains.

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Resources

The below resources all pertain to the topic of Green Supply Chains.

World Bank Just Transition Initiative

Just Transition, Green Supply Chains

Provides resources, funding, and guidance on making green supply chains more sustainable while addressing the social and economic impacts on communities and workers in transition

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Global Battery Alliance Report 2024

Just Transition, Green Supply Chains

Outlines the role of sustainable sourcing and production in green supply chains for batteries, a key element in clean energy transition, covering everything from raw material mining to end-of-life recycling

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Decent work toolkit for sustainable procurement

Just Transition, Green Supply Chains

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Deforestation-free commodities: Investing in deforestation-free supply chains as a strategic imperative’, research brief

Just Transition, Green Supply Chains

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Best Practice Note for Business on Human Rights Defenders

Just Transition, Green Supply Chains

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Joint Statement on Sustainable Procurement Practices By the Heads of Procurement at Multilateral Development Banks

Just Transition, Green Supply Chains

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