Local suppliers run the risk of losing around US $ 18.7 billion worth of exports yearly if they are not able to reduce carbon emissions, keeping with the plans of their major clients.
This was maintained in study carried out by the Standard Chartered.
Titled Carbon Dated, the study undertaken by Standard Chartered, which looks at the opportunities and the risks for the suppliers in emerging and fast-growing markets as large corporates transition to net-zero emission, maintained that MNCs expect to exclude 35 per cent of their current suppliers as they move away from carbon while adding supply chain emissions account for an average of 73 per cent of MNCs’ total emissions even as it went on to add that rather than focusing on their own carbon output, around 67 per cent of MNCs maintain that tackling supply chains emissions is the first step in their net-zero transition.
The study further added that in their endeavour to hit the net-zero carbon goals at the earliest possible, MNCs are piling pressure on their suppliers to become more sustainable, even as a press release issued by Standard Chartered Bangladesh added that suppliers in 12 key emerging and fast-growing markets can share in US $ 1.6 trillion worth of business if they can remain part of the MNC supply chains.