Trending
- Africa Fintech Accelerator Program: Nigeria Dominates List of 20 Startups in the Continent
- Soil Health For sustainable Agricultural Systems in Africa
- Kenyan Manufacturers Raise Objections over Finance Bill 2024 Proposals
- How COMESA project seeks to accelerate horticulture sector growth across East Africa
- 2024 Economic Survey: Kenya sparks growth with 848,200 new jobs in a year
- Kenya’s economy posts 5.6 per cent GDP growth in 2023
- The Crucial Role of Private Capital Africa’s Economic Development
- Kenya’s Marine Potential: Fostering Sustainable Blue Economy
Browsing: Carbon Dioxide emissions
Multinational companies will cut suppliers for failing to curb carbon emissions, with 78 per cent of multinationals (MNCs) planning to remove suppliers that endanger their carbon transition plan by 2025.
This is according to a new study by Standard Chartered which says that this could mean a loss in export revenue of USD3.9 billion for Kenyan suppliers who fail to transition alongside their MNC partners.
As per the finding, 87 per cent of MNCs with a supply chain in Kenya have set emission reduction targets for their suppliers, asking for an average reduction of 35 per cent by 2025.
Read: Bamburi Cement Parent Company Signs Net Zero Pledge
However, the study also reveals a USD1.6tn market opportunity for suppliers who decarbonise in line with MNC net-zero plans.
According to the Carbon Dated report, which looks at the risks and opportunities for suppliers in emerging and fast-growing markets as large corporates …