Description of exposure and costs related to raw material and natural resource price volatility.

Unit

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: Currency

Indicator

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: Business exposure to nature risks and opportunities

Metric type

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: Pressure

Framework alignment notes

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GBF Target 14, Target 15
TNFD A12.1

Target example
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[Company name] aims to reduce the proportion of procurement spend on raw materials and natural resources that is exposed to high price volatility by [target amount, in absolute amount, or percentage] by [target year] compared to a [baseline year] baseline.

Target source: WBCSD target template

Additional target notes

Alternative target for consideration: [Company name] aims to reduce the costs related to raw material and natural resource price volatility by [target amount, in absolute amount, or percentage] by [target year] compared to a [baseline year] baseline. (Source - WBCSD target template)

Sector

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Built Environment

Value chain stage

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Manufacturing

Metric assessment

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Relevance: Medium
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Feasibility: Low
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Related actions

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Use recycled, renewable, or biodegradable materials to reduce reliance on virgin and fossil-based resources

Use recycled, renewable, or biodegradable materials to reduce reliance on virgin and fossil-based resources

Description

Value chain stage

Manufacturing

Sector of stage operator

Built Environment

How the action applies

Coming soon

Raw Materials
Built Environment

Coming soon

Carefully consider nature-related impacts, dependencies, risks and opportunities when establishing new operations, taking water risks and proximity to areas of significant biodiversity value into account. Embed biodiversity and water risk assessment criteria into the decision-making process when selecting new sites or expansions and prioritize action according to conservation hierarchy in locations that meet the criteria

Carefully consider nature-related impacts, dependencies, risks and opportunities when establishing new operations, taking water risks and proximity to areas of significant biodiversity value into account. Embed biodiversity and water risk assessment criteria into the decision-making process when selecting new sites or expansions and prioritize action according to conservation hierarchy in locations that meet the criteria

Description

Value chain stage

Manufacturing

Sector of stage operator

Built Environment

How the action applies

Coming soon