Description of exposure and costs related to raw material and natural resource price volatility.
Unit
i
The unit(s) of measurement applicable to the metric.
: Currency
Indicator
i
Indicators were developed by WBCSD. Learn more on the Methodology page.
: Business exposure to nature risks and opportunities
Metric type
i
The category of nature-related metrics. Learn more on the Methodology page.
: Pressure
Framework alignment notes
i
The details of a metric’s alignment to each framework, including where the same or similar metric can be found within the listed framework.
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
i
Each metric applies to one sector.
Built Environment
Value chain stage
i
Each metric applies to one or more stages of the value chain aligned with the associated actions.
Manufacturing
Metric assessment
i
The relevance and feasibility scores were determined by WBCSD member companies. Learn more on the Methodology page.
Relevance:Medium
Feasibility:Low
Related actions
Use recycled, renewable, or biodegradable materials to reduce reliance on virgin and fossil-based resources
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