Description of exposure and costs related to raw material and natural resource price volatility.
Unit
: Currency
Indicator
: Business exposure to nature risks and opportunities
Metric Type
: Pressure
Frameworks alignment notes
Target 14 and 15
TNFD A12.1
Target example
[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
Energy
Value chain stage
Raw MaterialsManufacturing
Metric assessment
Relevance:Medium
Feasibility:Low
Related Actions
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