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
Looking to go deeper into this topic? Look for more articles on EBSCOhost.