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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Living Incomes for Farmers Key to Ensuring Sustainability of Cocoa

Living Incomes for Farmers Key to Ensuring Sustainability of Cocoa | Sustainable Procurement News | Scoop.it

New Fairtrade Foundation campaign calls on the UK government and companies to end ‘shameful’ exploitation of cocoa farmers by 2030, in line with the Sustainable Development Goals. Cocoa farmers working in tough conditions are struggling on as little as 74p ($.97) per day, well below the world’s extreme poverty line, and yet for around £1.86 per day — the average price of a large bar of chocolate — farmers could live a decent life, according to a new Fairtrade International report launching during Fairtrade Fortnight (25 February –10 March), the highlight of the year for the Fairtrade movement in the UK.

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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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