A Study on the Role of Carbon Offsetting in Sustainable Supply Chains Encouraging Low-Carbon Footprint Practices
Mr.Mohana krishnan.S Student, School of Management Studies, Sathyabama Institute of Science And TechnologyChennai, Tamilnadu,South India
Dr.R.Joyce Associate Professor, School of Management Studies, Sathyabama Institute of Science And TechnologyChennai, Tamilnadu,South India
Abstract
In this paper, carbon offsetting in contributing to making the supply chains sustainable in manufacturing businesses is under analysis. Given rising environmental challenges, carbon offsetting has appeared to be central among strategies geared toward decreasing global supply chain carbon footprint. Carbon footprint investment, awareness of a company's footprint, low- carbon supplier preference, government compliance policies, and new technology influence contribution to a supply chain as a sustainable undertaking have been subjected to inquiry under research. The research uses a descriptive research design, gathering information from 112 manufacturers and suppliers using questionnaires and interviews and secondary data based on industry and academic sources. Quantitative and qualitative analysis are used to test the impact of different factors in the adoption of carbon offsetting practices. The research points out the benefits of carbon offset programs in lowering carbon emissions, improving brand image, cost savings, and compliance with regulations. Challenges including low awareness of low-carbon suppliers and the necessity of third-party verification for offset programs are also pointed out. The study concludes by offering practical suggestions for companies to adopt efficient carbon offsetting strategies, such as greater investment, improved visibility of suppliers, and building transparency through third-party certification. In the end, this research emphasizes the importance of carbon offsetting in building sustainable and competitive supply chains, which will lead to long-term environmental and economic advantages.
Keywords
Carbon Offsetting, Sustainable Supply Chains, Manufacturing, Carbon Footprint, Low-Carbon Suppliers, Compliance, Cost Savings, Transparency.
