S&P Global

At a Glance

Industry

Financial Services and Insurance

Project Types

Data Analysis, Engagement and Behavior Change, Supply Chain

Year

2024

Location

Summary

Karina conducted an impact assessment of the top 100 vendors in S&P Global's supply chain and developed a strategy for smarter, sustainable business travel based on industry best practices.

Goals

S&P Global has committed to reducing their greenhouse gas (GHG) emissions from employee travel and recently conducted its first nature and biodiversity risk assessment of their global operations. To support these efforts and learn more about nature risk in their supply chain, S&P Global brought on Karina to develop a business travel emissions reduction strategy and conduct an initial assessment of their supply chain's impact on nature.

Solutions

Karina tackled these projects in three phases: 1. Conduct an initial assessment: Karina engaged with internal stakeholders to determine the best path for both projects. She then determined which nature metrics to include in the impact assessment and which companies to include in benchmarks on internal carbon pricing and business travel emissions reduction strategies. 2. Collect data for impact assessment and benchmarks: Karina collected, organized, and calculated nature impact data on the top suppliers in S&P Global's supply chain. She also researched over 90 companies' strategies to determine best practices for both internal carbon pricing and employee engagement. 3. Recommend a path forward: Karina recommended strategies to promote smarter, more sustainable travel. She also conducted a hotspot analysis of the vendors with the highest impact per nature category and established recommendations for next steps to address nature risk.

Potential Impact

S&P Global aims to enhance its sustainability initiatives by implementing a strategy to achieve business travel emissions reductions and better understand nature risks and opportunities. Karina's analysis and recommendations will drive discussions regarding these initiatives. Her work will not only support S&P in raising internal awareness about these initiatives, but also support S&P Global in achieving long-term goals related to responsible sourcing practices that take climate and sustainability factors into account.

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