ESG has emerged as a crucial factor for businesses in recent years due to various compelling reasons. Firstly, investors are increasingly attracted to companies that exhibit robust ESG practices, as they believe these companies are better positioned for long-term success and are more resilient to market disruptions. Secondly, prioritizing ESG is crucial for effective risk management, as it enables companies to identify and mitigate risks associated with environmental, social, and governance issues. Thirdly, companies that give priority to ESG can significantly enhance their reputation and brand image, as consumers and stakeholders are becoming more aware of and interested in companies' ESG initiatives. Additionally, it is vital to note that many jurisdictions worldwide have implemented regulations and policies that mandate companies to address ESG issues, thereby making ESG compliance a regulatory requirement.
In terms of emissions, the majority of industries, excluding core sectors like steel, cement, and aluminum, generate substantial emissions within their supply chains. These emissions stem from various stages of the supply chain process, including the production and transportation of raw materials, the distribution of finished goods from the factory to warehouses, distributors, and customers, and the utilization and disposal of products. Most large organizations have committed to achieving net-zero emissions within the next 15 to 20 years. However, this ambitious goal cannot be attained without addressing the emissions originating from the supply chain. Decarbonizing the supply chain holds immense potential to revolutionize corporate efforts in combating climate change.
As an end-to-end multimodal logistics & supply chain company, TCI is working to connect and simplify it's customers supply chains. Increasing complexity in global & domestic supply chains drives the need for integrated logistics. The company aims to fulfil this need by sustainably and responsibly delivering better, simpler and more reliable outcomes for its customers. TCI's vast network enables individuals, companies & countries to trade with anyone, anywhere – ultimately creating opportunities for people and communities to thrive, and for businesses to grow. Thereby, enabling ourselves and our customers to meet their ESG goals. TCI has developed a robust ESG framework over the years and is continuously working to enhance it; and provide unparalleled logistics & supply chain solutions, whilst giving back to society in all ways possible.
To delve deeper into TCI's ESG initiatives, click here.