Supply chains, which account for 80 percent of the world’s total carbon emissions, would require as much as $100 trillion of investment if they are to become net-zero emission by 2050, new research by HSBC and Boston Consulting Group (BCG) showed . BCG and HSBC teamed up to understand what it will take for global supply chains to most effectively transition to net zero. The analysis found that $100 trillion is needed, of which between $25 trillion and $50 trillion will need to be directed to small and medium-sized enterprises (SMEs). While separate organizations and companies are racing to pledge net-zero emissions across their operations, they have not done enough to address the indirect emissions from their suppliers, the paper noted. “The challenge is not only a matter of cost or technology. It involves changes in business models and organizational culture. SMEs need incentives to move toward a smaller […]