Over $306 billion. That was the record-breaking cost to the U.S. economy of weather and climate-related disasters in 2017, according to NOAA. Add to that the over $1.8 billion that Federal suppliers saved from energy efficiency in 2017, and it’s a powerful case for companies to invest in climate-related risk mitigation, energy efficiency, and sustainable energy.
GSA is highlighting such investments with the new GSA Federal Supplier Energy and Risk Management (ERM) Tool, a voluntary collaboration between the federal government and its suppliers to create a more resilient and efficient supply chain.
The Supplier ERM Tool encourages Federal suppliers to publicly report on cost-saving business practices related to energy use and climate-related risks. With the Supplier ERM Tool, agency buyers can see each company’s practices and how much they’re saving. Companies can compare their practices to their peers. And with a rich visualization of Federal spending, the public can see how government is spending money, and how suppliers are cutting waste and pollution.
As one of the largest purchasers of goods and services in the world, GSA is in a unique position to collaborate with industry. Businesses across the globe are already realizing cost-saving, waste-reducing efficiencies and competitive advantages while decreasing pollution. GSA’s Supplier ERM Tool leverages these private-sector best practices to move the federal government toward a more efficient and resilient supply chain.
Jed S. Ela serves as a sustainable supply chain expert in OFHPB and leads the development and implementation of GSA’s annual sustainability plan.
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