JOURNAL ARTICLE

How Food Companies Can Better Measure Their Sustainability.

  • Published In: Harvard Business Review Digital Articles, 2023. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Jia, Lili; Prabhu, Jaideep; Evans, Steve 3 of 3

Abstract

The article focuses on how food companies can improve the measurement of their sustainability through enhanced environmental traceability, which involves tracking a product's environmental impact across the supply chain. It highlights challenges faced by food firms, such as the labor-intensive process of collecting and reporting environmental data to various stakeholders, including regulators like the Task Force on Climate-related Financial Disclosures (TCFD). The authors recommend four strategies to increase traceability and sustainability: standardizing environmental metrics, automating data exchange using formats like Extensible Markup Language (XML), fostering systemic collaboration across supply chains, and integrating artificial intelligence to support decision-making. These approaches aim to reduce costs, improve data quality, and encourage industry-wide adoption of sustainable practices.

Additional Information

  • Source:Harvard Business Review Digital Articles. 2023/05, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2023
  • Accession Number:163966037

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