What
FSI develops and finances projects that allow your mills, your manufacturers and your company to achieve near-term Science Based Targets.
The Future Supplier Initiative is composed of three main pillars to deliver deep decarbonisation in the supply chain:
Financial Solutions
Finance energy efficiency and renewable energy measures at factory level to reduce emissions at a low capital cost.
Technology & Support
Support suppliers to identify and implement low carbon technologies and solutions.
Emission Reductions
Secure methodology for measuring and assigning carbon benefits.
What do we need to do
For us, supply chain decarbonisation is a shared responsibility. If we as businesses want to achieve our science-based targets, we need to innovate a way forward and join forces with the industry. Collective financing allows us to bridge the implementation gap towards greener supply and secure a transition to renewable energy. The Future Supplier Initiative is critical in that sense and a great example of industry combined effort.
Thomas Børglum Jensen
CFO, Bestseller
At H&M Group, we want to lead the way within our industry and decarbonizing our supply chain is one of the most important keys to further reduce our emissions. The Future Supplier Initiative shows that solutions are readily available and come with proven impact, but it requires commitments from brands and investors that are willing to invest. We encourage others to join our efforts to tackle our industry’s negative climate impact.
Daniel Ervér
CEO, H&M Group
What are the benefits of a collective approach?
From
Large amount of investments from suppliers delivering impact over a long period of time
To
Implementation and financing costs shared by brands for immediate and high tCO2e impact per $ spent
From
Extensive supplier engagement and ramp up process
To
A low-barrier subscription based collective participation model that fast tracks high impact decarbonisation solutions with financing mechanisms
From
A focus on key or high volume suppliers, with non-repeatable and non-scalable action plans
To
A scalable platform and pipeline, bringing benefits for all brands and momentum for all suppliers in the selected geography
From
Leverage existing relations between leading brands and leading suppliers, without creating an industry wide or regional impact
To
Pathway for smaller brands to follow and join an industry wide initiative and low volume suppliers to participate and receive the benefit, creating regional market maturity and impact
From
Concern amongst suppliers about allocation of resources to a single customer, without any volume commitment
To
Increased interest for suppliers to participate in a programme with multiple customers as sponsors