Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Corporate Procurement Officers Say Sustainability Now Key Criteria For Purchases

Corporate Procurement Officers Say Sustainability Now Key Criteria For Purchases | Sustainable Procurement News | Scoop.it

Almost all procurement managers now look for sustainably-produced material in their purchases, according to a new survey – which comes as analysis of corporate deforestation commitments shows a dramatic rise in disclosure. Also, companies that hopped early onto the sustainability bandwagon say it’s paying off financially.

EcoVadis's insight:

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Partech Ventures déniche une startup française dans un secteur négligé par les investisseurs — sa technologie concerne des millions de sociétés

Partech Ventures déniche une startup française dans un secteur négligé par les investisseurs — sa technologie concerne des millions de sociétés | Sustainable Procurement News | Scoop.it

Installé à Paris, San Francisco et Berlin, le fonds de capital-croissance Partech Growth vient de réaliser son tout premier investissement en France. Il a engagé seul 30 millions d'euros dans EcoVadis. La problématique de la responsabilité sociétale des entreprises (RSE) a longtemps été désertée par les investisseurs, faute de réelles opportunités d'affaires. Mais, face à une concurrence limitée, Partech Growth a misé sur la conquête rapide d'un marché de plusieurs millions d'utilisateurs professionnels potentiels pour entrer au capital d'EcoVadis.

EcoVadis's insight:

EcoVadis reçois des fonds d'investissement d'une valeure de 30 millions d'euros de la société Partech. En savoir plus ici.

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Social responsibility is pushing supply chain to the next level

Social responsibility is pushing supply chain to the next level | Sustainable Procurement News | Scoop.it
According to a new study by management and technology consultancy BearingPoint, the emerging trend is to move from green to sustainable supply chain management. The company’s 5th Supply Chain Monitor found that European supply chains have already harvested most of the low-hanging fruit of carbon reduction initiatives since the previous 2010-11 study. In between there was even some kind of slow down for green initiatives, as all climate conferences prior to COP21 failed.
EcoVadis's insight:

BearingPoint recommends EcoVadis in their report:

"Joining sustainable supplier rating platforms such as EcoVadis (http://www.ecovadis.com/), to reduce the need to handle repeated requests." 

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Railsponsible encourages responsible procurement

Railsponsible encourages responsible procurement | Sustainable Procurement News | Scoop.it

Railsponsible’s immediate ambition is to promote and reinforce the initiative and to welcome more members. The body is also striving to further simplify the assessment processes for suppliers and to make CSR one of the key selection criteria in the tendering phase.
The next Railsponsible initiative meeting will be held at InnoTrans 2016 in Berlin. Most of Railsponsible’s member CPOs will gather for a discussion at the European Railway Industry Association (Unife) stand on September 21. During this event, the CPOs will present Railsponsible’s achievements over the past year and outline its strategy up to 2020. A ceremony to award CSR best-in-class suppliers will also be held.

EcoVadis's insight:

Since the launch of the Railsponsible initiative, more than 460 suppliers have been assessed by EcoVadis

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Sustainable Value & Supply Chains Master's-Level Course

Sustainable Value & Supply Chains Master's-Level Course | Sustainable Procurement News | Scoop.it

Interdisciplinary learning Focusing on teamwork and building stakeholder relations, the programme welcomes all functions and geographies involved in the value chain including supply chain management, procurement, sales and marketing, product development and sustainability specialists. Business suppliers, NGO partners, community leaders, and policy-makers will also benefit from attending and add valuable insights. Graduates will leave the programme with the personal motivation and confidence to drive change, influence colleagues and to work collaboratively.

EcoVadis's insight:

Just 2 weeks left to register for this Sustainable Value & Supply Chains Master's-Level Course!

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Can artificial intelligence make supply chains sustainable?

Can artificial intelligence make supply chains sustainable? | Sustainable Procurement News | Scoop.it
In fact, AI is such an important priority that one of these firms, France’s EcoVadis, just signed its first outside funding — for about $32 million from institutional investor Partech Ventures — and specifically mentioned this area as a motivation for the arrangement.
EcoVadis's insight:

Great EcoVadis coverage in GreenBiz's article on the use of AI in supply chain risk management system.

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Sustainability Firm EcoVadis Receives More Than $30 Million in Venture Funding

EcoVadis, a French technology firm that ranks companies for environmental responsibility, ethical treatment of workers and other practices, has received more than $30 million in venture funding, as the business of vetting corporate supply chains continues to grow rapidly.
Companies spend billions of dollars annually to ensure their suppliers aren’t using slave labor, polluting natural resources or engaging in political corruption. They often turn to third parties to investigate far-flung contractors and confirm to investors and consumers that they are behaving ethically.

EcoVadis's insight:

EcoVadis receives 30M funding from Partech Ventures. Read out more here.

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EcoVadis, la garantie d’achats responsables !

EcoVadis, la garantie d’achats responsables ! | Sustainable Procurement News | Scoop.it
« La force d’EcoVadis est d’être l’interface entre de grands groupes et des PME du monde entier. Nous sommes une agence de notation en RSE mais aussi une plate-forme d’échange d’informations entre les directions des achats et les fournisseurs. Côté grandes entreprises, c’est un outil efficace pour impliquer les fournisseurs dans la démarche RSE et mieux gérer le risque. Et ce à un coût finalement peu élevé par rapport à un audit sur site. Côté fournisseurs, une évaluation annuelle est un gage d’amélioration continue. »
Richard Bourne, chargé des relations avec les entreprises sous évaluation chez EcoVadis.
EcoVadis's insight:

Notation EcoVadis: un regard externe sur ses performances RSE et celles de ses fournisseurs !

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The necessity of sustainable supply chains

The necessity of sustainable supply chains | Sustainable Procurement News | Scoop.it
Sustainable operations are no longer nice to have, but a necessity for doing business and avoiding social and legal backlash. Sustainability is increasingly top of mind for consumers, and they will likely take their business elsewhere if a brand is found to be in violation of their ethical standards. In addition to increased social consciousness, the regulatory consequences that noncompliant businesses face are immense.
EcoVadis's insight:

Pierre-François Thaler - EcoVadis' Co-CEO - talks to Supply Chain Digital on the importance of making supply chain operations safer and more sustainable

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Reporting supply chain sustainability: a myriad of metrics

Reporting supply chain sustainability: a myriad of metrics | Sustainable Procurement News | Scoop.it
There are more than 2,500 different metics used to measure sustainability in supply chains, bringing both challenges and opportunities for business
EcoVadis's insight:

New study found that 2500 KPI's are available for sustainable supply chain ! Luckily EcoVadis is making this a bit simpler by transforming those category specific metrics in simple 1-100 scores to be used by purchasing managers.

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