Description of exposure and costs related to raw material and natural resource price volatility.
Unit
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The unit(s) of measurement applicable to the metric.
: Currency
Indicator
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Indicators were developed by WBCSD. Learn more on the Methodology page.
: Business exposure to nature risks and opportunities
Metric type
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The category of nature-related metrics. Learn more on the Methodology page.
: Pressure
Framework alignment notes
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The details of a metric’s alignment to each framework, including where the same or similar metric can be found within the listed framework.
GBF Target 14, Target 15
TNFD A12.1
Target example
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An example target and the target source are presented to illustrate how a target could be set for this metric. Learn more on the Methodology page.
[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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Each metric applies to one sector.
Energy
Value chain stage
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Each metric applies to one or more stages of the value chain aligned with the associated actions.
Raw MaterialsManufacturing
Metric assessment
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The relevance and feasibility scores were determined by WBCSD member companies. Learn more on the Methodology page.
Relevance:Medium
Feasibility:Low
Related actions
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The other actions that the metric is mapped to.
Use recycled, renewable, or biodegradable materials to reduce reliance on virgin and fossil-based resources
Reduce water use and wastage, particularly in water-stressed areas
Implement effective legal, policy and administrative measures to reduce pollution and waste risks and avoid introducing any harmful levels of pollutants to biodiversity and ecosystem functions and service
Design and implement water demand management plans
Develop and implement sourcing guidelines that prioritize sustainable commodities and suppliers committed to sustainable practices