2degrees creates online networks for businesses seeking to improve sustainability throughout their value chains by facilitating communication and sharing best practices.
2degrees creates online networks for companies to share sustainable value chain management expertise and best practices with others in their supply chain. Working with global corporations such as ASDA, GlaxoSmithKline, and Unilever, 2degrees facilitates knowledge sharing, through ‘fully-linked collaboration’, bringing all of a company’s suppliers and partners together on a secure digital platform to help companies reduce risks, costs, and environmental impacts. For instance, if a supplier in a corporation’s 2degrees platform wants to know more about the benefits of switching to LED lighting in its facilities, the 2degrees network can connect them directly with another supplier in their supply chain that has already undertaken this project to get unbiased feedback. So far, more than 50,000 people and organizations have become part of 2degrees’ online communities and achieved big savings. The Royal Bank of Scotland, for example, has found that solutions developed through its network have the potential to save 40,000 metric tons of CO2 annually, according to 2degrees.
Relevance of solution
According to 2degrees, many companies find that 80% of their risks, costs, and impacts are found within their supply chains, where communication and coordination is difficult. 2degrees minimizes these risks by providing all members of a company’s supply chain a digital meeting place to communicate and share knowledge in an effort to find, share, and implement sustainable business solution.
Triple Bottom Line
Through the platform, one 2degrees client reduced more than 150,000 metric tons of CO2 emissions across its supply chain.
By improving supply chain transparency and visibility, 2degrees makes it easier for companies to improve wage and safety policies for healthy and fair working conditions across their value chain.
According to 2degrees, one company’s collaboration platform has realized savings of more than $100 million due to reductions in energy consumption, waste, and water use, throughout the supply chain.