In a significant stride towards advancing sustainable practices within Southeast Asia's supply chains, EY has introduced the EY Centre for Sustainable Supply Chains in Singapore.

The inauguration ceremony was led by Dr. Koh Poh Koon, Senior Minister of State for Sustainability and the Environment, along with Manpower.

The center, co-headed by Atul Chandna and Praveen Tekchandani, brings together a team of 50 experts from EY's Climate Change and Sustainability Services and the Supply Chain Consulting domains.

Praveen Tekchandani, EY Partner in Climate Change and Sustainability Services, emphasized the pivotal role of Southeast Asia as a major trade and manufacturing hub in global decarbonization efforts. He stressed that over 70% of an organization's environmental impact stems from indirect emissions from its supply chain activities. Thus, effective supply chain management becomes indispensable for any corporate decarbonization strategy, vital in achieving Net Zero targets.

The center offers tailor-made solutions to guide organizations throughout their supply chain journey. Its services encompass practical advice for immediate improvements and strategic recommendations for long-term sustainability.

The center collaborates with partners and provides technology-driven solutions supported by the latest insights into the supply chain and sustainability trends.

The center's mandate addresses challenges such as data transparency, measurement methodologies, and technological barriers that impede the adoption of sustainable supply chain practices. Additionally, regulatory intricacies and concerns about scalability are identified as obstacles to progress.
 

Image credit: EY