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Technology Strategy Board Driving Innovation Resource efficiency: supply chain innovation COMPETITION FOR COLLABORATIVE R&D FUNDING OCTOBER 2011 Resource efficiency: supply chain innovation COMPETITION
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The resource efficiency supply chain refers to the process of managing and optimizing the flow of materials, energy, and information from raw material extraction to the final product delivery, with a focus on minimizing waste, reducing environmental impact, and maximizing resource utilization.
All companies involved in the production, distribution, or supply of goods and services are required to file a resource efficiency supply chain report. This includes manufacturers, wholesalers, retailers, and service providers.
To fill out a resource efficiency supply chain report, companies need to gather data on their material inputs, energy consumption, waste generation, and emissions throughout their supply chain. This data can be collected through internal monitoring systems, supplier surveys, and third-party audits. The collected data should be reported in a standardized format as per the guidelines provided by the regulatory authority.
The purpose of the resource efficiency supply chain is to promote sustainable business practices and encourage companies to minimize waste, reduce their environmental impact, and improve resource utilization. By assessing and reporting their supply chain's resource efficiency, companies can identify areas for improvement and implement measures to enhance their overall sustainability performance.
The information to be reported on a resource efficiency supply chain includes details on the quantity and type of materials used, energy consumption, waste generation, greenhouse gas emissions, and any other relevant environmental indicators. Companies may also be required to provide information on their efforts to promote recycling, reuse, and sustainable sourcing practices within their supply chain.
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