Hikma improves their scope 3 carbon emission visibility with Sievo

by using: Sievo CO2 Analytics

Other Sievo Solutions in use by Hikma: Spend Analytics, Saving Program Management, Realized Savings Measurement, Payment Terms

 

 

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Results with Sievo

 

  • Hikma gained visibility into scope 3 emissions to both direct & indirect spend

  • Various teams use Sievo’s dashboards to track Hikma’s Scope 3 emissions

  • The team can trust the data & insights obtained thanks to significantly greater mapping accuracy

  • Ability to identify emission hotspots to prioritize which suppliers to engage with​​​​

  • Benchmarking different suppliers within the same category & embed sustainability into Hikma’s procurement practices

  • No manual extraction work needed thanks to Sievo’s automated data extraction

  • Successful implementation & adoption level from Hikma’s procurement user community

  • Monthly data is refreshed and classified by Sievo​​​​

Hikma_photo

Better Health Within Reach, Everyday

About Hikma:

  • A multinational pharmaceutical company headquartered in London, UK.

  • Has 32 manufacturing facilities, 7 R&D centers, and 8700+ employees worldwide.

  • Part of the FTSE 100 index and has a
    2.5+ billion USD revenue.

Scope 1, 2, 3 emissions

Challenge

Hikma is committed to making their operations more energy efficient and environmentally responsible, to answer to stakeholder pressure, reputational aspects, and simply do good for the world. For this, measuring and understanding carbon emissions is crucial. 

Although the company, as many others, are already experienced in scopes 1 + 2, understanding the emissions of the supply chain can be challenging, overwhelming and is resource intensive.

A mess of paperwork sievo

Hikma realized that to be able to act on environmental issues, a new type of solution would be needed. Ideally, this would include the following:​

  • Insights on supply chain (=scope 3) emissions 

  • Refreshes more often than once a year or quarter

  • Visibility into emissions on a granular level to be able to track how emissions develop over time

  • A solution that can be used for reporting as well as for the CPO perspective to understand which categories and suppliers to focus efforts on

  • Numbers that can be relied on

CO2 Analytics - full dashboard

Solution

To solve its challenges, Hikma partnered with Sievo in 2021*.

Sievo’s CO2 Analytics solution was​ a key stepping stone to gain a holistic view of the emissions in the organization. Sievo CO2  Analytics builds on Sievo’s Spend Analytics and enables visibility into the emissions needed for reporting and analysis purposes. ​

Reducing emissions is not a ​one-man job. Therefore, at Hikma, collaboration is needed between procurement and sustainability.​

*Hikma has partnered with Sievo since 2020

Building the case

Combining the emissions data with all other procurement data in Sievo enables for sharing insights with the organization easily and allows for supercharging cross-functional communication and collaboration.

Being able to identify the emissions hotspots in their procurement categories, suppliers, and regions helps Hikma to focus their efforts where it really matters.

Automated data refreshes are efficient, enabling more time to focus on actions based on the insights found. 

The triple bottom line

Results

Hikma, like many other companies, saw measuring scope 3 emissions as a challenge, resulting in a lack of understanding of the supply chain emissions, which is where approximately 88% of the emissions exist. ​

By using Sievo, Hikma has gotten visibility into its scope 3 emissions related to both direct and indirect spend. Now various teams use Sievo’s dashboards to track Hikma’s Scope 3 emissions and identify emission hotspots to prioritize which suppliers to engage with. ​

Hikma’s team can now benchmark different suppliers within the same category as well as embed sustainability into procurement practices.​ Notably, visibility into progress is needed to track emission reduction goals, ultimately resulting in competitive advantage. Sievo CO2 Analytics enables Hikma to track progress over time through data.​ ​​

With significantly greater mapping accuracy, the team can trust the data and the insights gotten.  

Hikma_CaseStudy_Cover

Download this case study to share with your colleagues. 

 

CO2 Analytics Solution

Reduce Emissions with Sievo CO2 Analytics

See how Sievo CO2 Analytics can help you measure, report, and understand scope 3 CO2 emissions from a holistic overview across the enterprise down to a single category.  

VIEW SOLUTION

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