Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Sustainability reporting in stock exchanges 'comes of age'

Sustainability reporting in stock exchanges 'comes of age' | Sustainable Procurement News | Scoop.it

As many as 21 stock exchanges across the world could introduce sustainability reporting standards in the coming months. They would join the 17 exchanges that currently recommend listed companies to report on environmental, social and governance (ESG) issues — going a step further by providing model guidance to participating companies.
These exchanges have pledged to list their guidance on the Sustainability Stock Exchanges (SSE) initiative. It's a peer-to-peer platform that invites global exchanges to promote ESG disclosure among listed companies and among each other. SSE includes over 60 exchanges — representing more than 70 percent of listed equity markets — and more than 30,000 companies with a market capitalization over $55 trillion.

EcoVadis's insight:

New guidelines will be introduced next year and more and more stock exchanges are viewing sustainability reporting as necessary and inevitable.

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SDGs Becoming More Prominent in Sustainability Reporting, But Challenges Remain

SDGs Becoming More Prominent in Sustainability Reporting, But Challenges Remain | Sustainable Procurement News | Scoop.it

The World Business Council for Sustainable Development (WBCSD) and consultants Radley Yeldar released the 2016 edition of “Reporting matters,” which found that the Global Reporting Initiative (GRI) guidelines are still the most widely used among WBCSD members, with 80 percent of reporters using the G4 guidelines, and that nearly a third are communicating on the SDGs. Ten companies are using the SDG Compass to take action on the Global Goals.

EcoVadis's insight:

The more sustainable companies are, the more successful they will be. How successful is your company?

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A Brave New World for Sustainability Reporting

A Brave New World for Sustainability Reporting | Sustainable Procurement News | Scoop.it

"Conversations ranged from how generational mindsets are shifting, to open-source platforms, to the circular economy, all converging on one key finding: Reporting is poised to make a major pivot..."

EcoVadis's insight:

Great summary (by Jonathan Morris, Manager, BSR) about 'sustainability reporting' from the thoughts of more than 1,000 sustainability professionals, gathered at last month’s Global Reporting Initiative (GRI) Conference in Amsterdam.

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Gartner Announces Rankings of the 2016 Supply Chain Top 25

Gartner Announces Rankings of the 2016 Supply Chain Top 25 | Sustainable Procurement News | Scoop.it

"Gartner, Inc. has released the findings from its annual Supply Chain Top 25, identifying supply chain leaders and highlighting their best practices. Analysts announced the findings at the Gartner Supply Chain Executive Conference..."

EcoVadis's insight:

Congrats to the top 25 companies listed! Among them are EcoVadis customers:  Nestle, GSK, Schneider Electric, BASF, Johnson & Johnson, Coca-Cola

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First Global Sustainability Reporting Standards Set to Transform Business – Press Releases on CSRwire.com

Today, GRI launched the world’s first global standards for sustainability reporting, giving companies a common language for disclosing non-financial information. The GRI Sustainability Reporting Standards will enable companies around the world to be more transparent about their impacts on the economy, the environment and society. They will also help organizations make better decisions and contribute to the United Nations Sustainable Development Goals
EcoVadis's insight:

These standards have been designed to guide sustainability reporting for any company, in any industry, for decades to come. Are you ready to take up this challenge and report on non-financial information?

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A look into the future of reporting standards

A look into the future of reporting standards | Sustainable Procurement News | Scoop.it
Eric Hespenheide: The sustainable development agenda has gathered pace with global commitments to the U.N. Sustainable Development Goals and the Paris climate change agreement. Over the past decade, we have also seen a dramatic increase in the number of companies measuring their sustainability performance.
EcoVadis's insight:

A new modular structure is replacing the G4 Guidelines, which will allow the standards to be kept more up-to-date and aligned with international instruments in the future. 

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NEWS ADVISORY: 2016 Awards for Sustainable Purchasing | SUSTAINABLE PURCHASING LEADERSHIP COUNCIL

NEWS ADVISORY: 2016 Awards for Sustainable Purchasing | SUSTAINABLE PURCHASING LEADERSHIP COUNCIL | Sustainable Procurement News | Scoop.it
the Sustainable Purchasing Leadership Council (SPLC) will recognize thirty-four organizations and seven individuals who have leveraged institutional purchasing power to advance the long term health and vitality of society, economies, and the planet.
EcoVadis's insight:

Congrats to all award winners! Great recognition for adopting sustainable purchasing strategies. Among them, EcoVadis & TfS: winner of the '2016 Market Transformation Award'

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The Fallacy of the Apple and Orange Defense for Sustainability Reporting | Blog | BSR

The Fallacy of the Apple and Orange Defense for Sustainability Reporting | Blog | BSR | Sustainable Procurement News | Scoop.it
It’s not the number alone that matters; it’s the combination of the quantitative number and the accompanying qualitative narrative that provides the full picture.
EcoVadis's insight:

Great concept of "apples with oranges" comparison applied in sustainability reporting! 

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