Circana – Jake Cosmo – 2024

SummaryJake Cosmo developed tools, resources, and frameworks to formalize Circana’s environmental reporting and sustainable procurement capacities.GoalsJake Cosmo joined Circana, a data analytics and market research firm, to build out the capacity of their environmental reporting and supply chain sustainability initiatives. Through a scope 3 greenhouse gas (GHG) inventory, supplier ESG assessment framework, sustainable procurement roadmap, and KPI dashboard, Jake developed the foundation for Circana to incorporate these sustainability efforts into the core functions of their operations.SolutionsJake’s efforts focused on three main areas:

1. Scope 3 GHG Inventory: identifying the applicable emissions sources from Circana’s operations, evaluating calculation methodologies, and providing Circana with a thorough measure of their overall carbon footprint. Circana’s value chain proved to comprise the majority of their overall footprint.

2. Sustainable Procurement: creating a framework for assessing the ESG performance of Circana’s top suppliers and developing a roadmap and resources for building out the sustainability capacity of their procurement team.

3. ESG Reporting: developing a number of internal tools for measuring and tracking ESG progress, as well as contributing to Circana’s annual Corporate Sustainability Report and CDP submission. Jake also recommended additional environmental targets designed to capture the effectiveness of the practices developed above.Potential ImpactThe tools, resources, and frameworks Jake developed will allow Circana to formalize sustainability practices into their overall operations across multiple verticals and at the executive level. The GHG inventory and target recommendations give Circana tangible metrics to manage their environmental impact, while the sustainable procurement roadmap will help them build resiliency against climate and social risks.