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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Tiffany & Co. ushers in new era of diamond supply chain transparency 

Tiffany & Co. ushers in new era of diamond supply chain transparency  | Sustainable Procurement News | Scoop.it

One of the worlds largest diamond and jewellery manufacturers and retailers has embarked on a major supply chain transparency transformation, as it looks measure every step of the diamond value chain.Tiffany & Co. announced in a statement this week that, through its Diamond Source Initiative, it will trace each and every one of its individually registered diamond and make the data available to its consumers to ensure its diamonds are among “the most responsibly sourced in the world”.

EcoVadis's insight:

Modern consumers give great importance to the quality and price of the products they purchase. As consumers demand more information about the origin and authenticity of the products that they consume, forward-looking brands seek to reach new levels of transparency. Transparency is more than just being able to see further into a supply chain.

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It's hard to believe these stylish jackets were once plastic bottles

It's hard to believe these stylish jackets were once plastic bottles | Sustainable Procurement News | Scoop.it

One brand that is innovating through recycling is San Francisco-based Everlane. Over the past few years, it has become known for offering quality basics at reasonable prices, while operating with transparency on their ethical supply chain. Recently they announced a line called ReNew - outerwear, such as puffer jackets, parkas and fleeces - made entirely of recycled plastic bottles. The range of classic garments comes in a selection of neutral tones, with offerings for men and women.

EcoVadis's insight:

Clothing production consumes resources and contributes to climate change. Therefore making stylish jackets out of plastic bottles will reduce both the level of plastics and the negative impact  on climate. Today’s consumers are more environmentally conscious than previous generations and they’re increasingly calling for companies to make sustainability and corporate social responsibility a major part of their business practice. 

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Nespresso in new sustainable aluminium pledge for coffee pods

Nespresso in new sustainable aluminium pledge for coffee pods | Sustainable Procurement News | Scoop.it

Nestlé’s Nespresso brand will commit exclusively to responsibly sourced and certified aluminium for its coffee capsules, after the company agreed a new partnership. It has signed a memorandum of understanding with metal processor Rio Tinto to work towards 100% sustainably sourced aluminium by 2020. Nestlé says that the use of aluminium certified to the Aluminium Stewardship Initiative (ASI) standard is “an important milestone towards reducing the impact that the world’s second most-used base metal has on the planet”.

EcoVadis's insight:

Great sustainable initiative by our client Nestle. There is a growing market for transparency and assurance in the supply chain of raw materials which is a positive step towards creating a more sustainable and environmentally friendly future.”

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Mondelez pressures palm oil supply chain to go 100% sustainable

Mondelez International Inc. MDLZ, +0.34% said Monday that it has "amplified its calls" for palm oil suppliers, and the industry as a whole, to go 100% sustainable and act with 100% transparency. The company says "there is more the industry needs to do in the palm oil supply chain to prevent deforestation."
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Google uses VR to show supplier transparency

Google uses VR to show supplier transparency | Sustainable Procurement News | Scoop.it

Google has produced a series of virtual reality (VR) videos which purportedly show what life is like working for two of its suppliers in Africa and China. The 360 degree videos, which were published alongside its 2018 Responsible Supply Chain report, claim to put viewers in the shoes of workers at an electronics factory in China and a gold mine in the Democratic Republic of Congo.

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Reimagining the ‘Outdated’ Pharmaceutical Supply Chain

Reimagining the ‘Outdated’ Pharmaceutical Supply Chain | Sustainable Procurement News | Scoop.it

The pharmaceutical supply chain that delivers needed medicines to patients around the world is complex and critical. It also appears to be outdated. The pharmaceutical supply chain is highly complex and opaque. Active pharmaceutical ingredients (APIs) originate in one country and then go through the various stages of manufacturing all the way to packaging and shipping through one or more other countries. Greater transparency is not only important for consumers, it also is becoming increasingly important for regulatory bodies, including the U.S. Food and Drug Administration (FDA), which is advancing new laws such as the Drug Supply Chain Security Act (DSCSA) outlining ways that pharmaceutical companies and their supply chain partners must operate to bring about greater security for consumers.

EcoVadis's insight:

With disruption in the pharma industry continuing to change the face of treatment, and competition at an all-time high, organizations need a new approach to drive supply chain innovation and differentiation.

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Procurement predictions for 2019

As 2019 begins, SM rounds up some of the key trends for the year.

 

  1. The rise of partnerships - From strategic alliances to joint ventures and mergers and acquisitions, the rate of companies partnering up is at an all-time high.
  2. Adaptability will be key to managing risk -  Procurement is operating in an uncertain environment, with negative impacts from Brexit, trade relations, and economic instability.
  3. The march of technology will continue - Innovative technologies including artificial intelligence (AI) and the internet of things are all investments that procurement leaders will recognise as vital to revolutionise supply chains. 
  4. There will be a need for strategy planning and assessment - Strategy planning and more regular assessments will be necessary to ensure the continued smooth running of supply chains.
  5. Supply chain transparency will become a must-have - Companies are becoming increasingly transparent, with many pledging to ensure transparent and sustainable supply chains.

 

EcoVadis's insight:

No matter what industry you operate in, procurement can create immense value — in some sectors, for instance construction, as much as 80 percent of revenue goes into the supply chain. And given that sustainable procurement benefits go way beyond cost savings, organizations worldwide are embracing the principles of transparency, fairness and collaboration when developing their procurement strategies.

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Zurich UK banks on new accreditation to green supply chain

Zurich UK banks on new accreditation to green supply chain | Sustainable Procurement News | Scoop.it

The British unit of Swiss insurance giant Zurich has launched a new accreditation scheme to encourage its suppliers to adopt sustainable business practices. The Supplier Accreditation Scheme is designed to help Zurich UK increase transparency in its own supply chain by measuring and tracking its suppliers’ environmental and community activities and scoring them accordingly. Companies could be awarded gold, solver or bronze accreditation depending on their approach to sustainability.

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British brand Clipper promises slave-free tea

British brand Clipper promises slave-free tea | Sustainable Procurement News | Scoop.it

British tea brand Clipper released a list of its Indian suppliers on Thursday, joining a growing campaign to improve worker conditions in the state of Assam and rid the industry of widespread abuse. "We believe that providing transparency on where we source our tea from will help build a more sustainable supply chain by empowering all stakeholders in the tea industry," said Rebecca Vercoe, Clipper Teas brand controller.

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UK's Tetley reveals tea suppliers in push for slave-free sourcing

UK's Tetley reveals tea suppliers in push for slave-free sourcing | Sustainable Procurement News | Scoop.it

Tetley, the world's second biggest tea company, has released a list of its suppliers, including those in India, to boost transparency in its supply chain, the British firm's owner Tata Global Beverages said on Friday. Tetley sources most of its tea from India, with 141 suppliers of a total 227 named in the list published last week.

Major brands are facing mounting regulatory and consumer pressure to ensure their products are free of slavery and other abusive practices.

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Marks & Spencer tops list of major British firms tackling modern slavery

Marks & Spencer tops list of major British firms tackling modern slavery | Sustainable Procurement News | Scoop.it

Major retailer Marks & Spencer (MKS.L) topped a list on Tuesday ranking Britain's biggest businesses on their efforts to tackle modern slavery, yet labour experts urged the country's top 100 companies to be more transparent and lead by example globally. 

EcoVadis's insight:

Great job by Marks & Spencer. In our global economy, supply chain management has proven to be a complex challenge. If your company provides goods or services to a large multi-national, you no doubt have been measured on the traditional criterias of quality, cost effectiveness, speed, and reliability. 

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Supermarkets recognise slavery risk in seafood supply chains

Supermarkets recognise slavery risk in seafood supply chains | Sustainable Procurement News | Scoop.it

The SCC, whose members include Tesco, Sainsbury’s, Morrisons, Waitrose, Marks and Spencer and Lidl, now states members must comply with the Modern Slavery Act and have policies that “consider social and ethical challenges in seafood sourcing in their supply chains”. The seafood sector has come under fire for cases of forced labour and modern slavery, mostly in Southeast Asia. SCC coordinator Oliver Tanqueray said: “The risk of modern slavery is taken very seriously by the seafood industry and it’s positive that these leading UK seafood businesses formally agree to recognise the challenge

EcoVadis's insight:

Current legislation regarding forced labor in supply chains, including the California Transparency in Supply Chains Act and the UK Modern Slavery Act, require companies to disclose their efforts to identify and prevent supply chain forced labor.

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