Preparing for changes in the supply chain: Monday, 12.6.23, Herzeliya

AmCham Israel held the Scope3 conference to focus and prepare for the upcoming regulatory and customer requirements to report and to reduce the carbon footprint and pollutant emissions in the supply chain.  The conference was held in partnership with the Ministry of Economy, Microsoft, EY, Herzog Law Firm, and with ISCMA, Manufacturers Association, Dow, Teva and Strauss and other partners. 

The conference discussed the regulatory changes regarding carbon footpriint in the supply chain (Scope3), the challenges that Israeli companies face today, the solutions and opportunities that will allow companies to continue to be competitive in the international markets in general, and the U.S. market in particular.

The regulatory changes in the U.S. will start in 2024, and will require companies to report the emissions of their suppliers in the third circle along the supply chain. A supplier who will not be able to measure and report emmissions from its own activities (Scope1 + 2) will not be able to supply products and materials to the major U.S. Corporations quite soon.

According to AmCham, the regulatory changes have very significant effect on the work of the Israeli companies that sell products and services to the U.S., and they must prepare for this change, in order to maintain competitiveness with similar companies around the world and avoid significant damage to their business.

AmCham's CEO, Oded Rose: "Israeli companies that will not implement measuring and reporting of the carbon footprint of their products and services today, will find themselves very soon pushed out of the supply chains of the leading companies and large customers, who are already required to report their carbon footprint throughout their supply chain. AmCham Israel responded to the needs of its members, the leading companies in the Israeli economy, and initiated the Scope3 conference, in order to bring and increase the awareness and application of measurement and reporting methods and tools already now, in order for the Israeli industry to remain competitive with the rest of the world."

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