For Supply Chains
Turning opaque supply chains into collaborative, data-driven networks
FourTwoThree helps large enterprises to manage their SME relationships and collect the primary Scope 3 data that can facilitate strategies to reduce emissions and develop more climate resilient supply chains.
PwC's Second Annual State of Decarbonization Report highlighted "The Ripple Effect" where large companies are setting the pace for smaller suppliers to act on climate. PwC's research showed that "supplier engagement efforts are on the rise, and as the large companies start to address Scope 3 emissions, they are leaning on their suppliers to set targets as well. Over time, this should cause a ripple effect as those suppliers lean on their suppliers to set targets and so on.
Whilst the imperative for large enterprises to manage Scope 3 is clear, engaging SMEs in supply chains has proven challenging. Many current efforts rely on manual data reporting or estimation, and whilst offering some degree of quantitative accuracy, do not support the necessary engagement required to drive collaborative change.
Supplier Engagement
Directly engage with SME suppliers
Large enterprises can make the FourTwoThree platform available to their SME suppliers to fit within existing supply chain program parameters:
Supply Chain Management integrations
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The platform can be configured to integrate with any supply chain management platform, leveraging Single Sign-on and existing SME input data where available, as well as providing event or aggregate data feeds to other enterprise platforms.
Brand-tailored engagement pathways
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Large enterprises can customise both platform look and feel as well as key content using basic configuration scripts to engage suppliers under their brand and guidelines.
Customised actions
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The FourTwoThree platform contains a base set of actions that can guide SMEs to make commercially viable operational changes. The platform automatically guides SMEs to consider the most relevant actions that align to their emissions profile. Additional actions (for example actions that are supply chain specific) can be easily configured.
Connect to relevant products and offers
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The FourTwoThree platform enables large enterprises to link their customers directly to other services or capabilities that support any identified actions.
Targets
Setting Shared Targets
FourTwoThree enables large enterprises to set collaborative GHG targets with their SME suppliers. By agreeing on a target trajectory, a large enterprise can work with their SME supply chain to identify strategies and actions that will help those SMEs identify credible and pragmatic abatement commitments, in turn reducing the large enterprise's aggregate Scope 3 emissions.
Scope 3
Tracking Scope 3 Emissions
Currently, tracking Scope 3 emissions that are attributable to an SME supply chain is complex, time consuming and costly.
FourTwoThree vastly simplifies the enterprise effort required to track emissions, the integrity of the data and — essentially — the impact on the SME of providing their reporting data to the large enterprise.
Because FourTwoThree enables an SME to link dynamically to a range of their own input data (e.g. their accounting platform) to automatically calculate their GHG footprint, any large enterprise with permissioned access will see how their aggregate Scope 3 emissions are changing without requiring intervention or a new reporting cycle. By applying some basic data analysis, large enterprises will be able to assess over time whether current Scope 3 strategies are having actual positive climate impact.
A flexible end-to-end toolkit for supply chain transparency and action
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Tailored abatement plans for business clients
The platform contains a base set of actions that can guide SMEs to make commercially viable operational changes. The platform automatically guides SMEs to consider the most relevant actions that align to their emissions profile. Additional actions (for example actions that are sector specific) can be easily configured.
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Link clients to relevant products
Link customers directly to relevant financial products that support any identified action.
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Direct integrations with CRMs and internal systems
Using a powerful Events API, the platoform linkes to Customer Relationship Management (CRM) solutions like Microsoft Dynamics 365 or Salesforce notifying your Relationship Managers or Digital Services when an SME has performed an action that may require customer engagement.
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Partner with institutional customers to enhance supply chain visibility
Banks and FIs can also work directly with their institutional customers to deploy the FourTwoThree platform to their SME supply chains.
Schedule an initial conversation to discuss how FourTwoThree can accelerate your journey to real impact.