Sustainable Procurement News
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Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Major Funding Pledges Won't Close the Clean Energy Investment Gap

Major Funding Pledges Won't Close the Clean Energy Investment Gap | Sustainable Procurement News | Scoop.it
Several major financial institutions have made massive sustainable-investment pledges surrounding COP24, the new round of global climate talks that concluded earlier this month in Poland. The World Bank announced $200 billion in funding for projects tackling climate change in developing countries. Five of Europe’s largest banks, managing more than $2.7 trillion, promised to reassess their lending and reduce their carbon impact. And several countries increased their funding to the Green Climate Fund, which supports renewable energy and climate resilience projects in developing countries, bringing the funding to $7 billion.
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SDG 16: A Matter of Interest to the Financial Sector

SDG 16: A Matter of Interest to the Financial Sector | Sustainable Procurement News | Scoop.it
The Financial Services sector is not one many would immediately imagine having significant environmental or social risks within its supply chain. Yet, with its global presence now firmly established, its supply chain impact is quite considerable. According to the BSR report, Supply Chain Sustainability in the Financial Sector, IT, employment and professional services are the top spend categories for the Financial Services sector. These spend categories can be translated into two main supply chain risks related to SDG 16: conflict and human rights issues, and institution issues.
EcoVadis's insight:

To establish supply chain transparency, Financial Services companies have to be willing to go to great lengths to map their supply chains beyond first-tier suppliers. Also being certified is one way for companies to show they are taking full responsibility for sustainability. 

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