Thermo Fisher: Prioritising Sustainability in Supply Chain

Global companies with intricate networks face the challenge of pinpointing and measuring their influence on reducing emissions throughout their supply chains. Thermo Fisher Scientific, a leader in supply chain sustainability, is paving the way with Chris Shanahan, VP Global Sustainability Supply Chain, Alyssa Caddle, Director Procurement Sustainability, and Matthew Yamatin, Sustainability Program Director.

Thermo Fisher’s mission as a global service science leader is to enable customers to make the world healthier, cleaner, and safer. Naturally, sustainability is a key focus.

“When I think about the evolution of supply chain and procurement, I think about the sustainable aspects of supply chain,” Chris says. “Every time you come across a challenge, that's an opportunity to improve.”

Engaging suppliers for sustainable practices

Engaging suppliers in sustainability initiatives is vital for reducing Scope 3 emissions. Thermo Fisher collaborates closely with suppliers to identify areas for emission reductions. This involves setting clear sustainability targets and providing suppliers with resources and support to meet these goals.

Alyssa emphasises the importance of transparent communication and partnerships. "Open dialogue with our suppliers helps us understand their challenges and find mutually beneficial solutions," she says. By fostering these relationships, Thermo Fisher ensures that sustainability is a shared priority across the supply chain.

Implementing innovative solutions

Innovation plays a significant role in reducing emissions. Thermo Fisher invests in new technologies and processes that enhance sustainability. For example, the company explores alternative materials and manufacturing methods to lower their carbon footprint.

Matthew highlights the importance of continuous improvement. "Sustainability is an ongoing journey," he notes. "We constantly seek out new ways to reduce emissions and improve our environmental impact." This proactive approach ensures that Thermo Fisher stays at the forefront of sustainable supply chain practices.

Measuring and reporting progress

Accurate measurement and reporting are essential for tracking progress and driving improvements. Thermo Fisher uses robust data collection and analysis tools to quantify emissions and identify areas for reduction. Regular reporting keeps all stakeholders informed and accountable.

Chris underscores the value of transparency. "By sharing our progress and challenges, we demonstrate our commitment to sustainability and encourage others to join us in this endeavour," he says. This openness fosters a culture of accountability and continuous improvement.

Thermo Fisher Scientific’s efforts in supply chain sustainability highlight the importance of collaboration, innovation, and transparency in reducing Scope 3 emissions. By working closely with suppliers and leveraging new technologies, the company drives commercial value while making significant strides towards a more sustainable future.