Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Study Identifies Best Practices for Supply Chain Transparency

“Consumers want to know where a product came from, all the way to the cashmere goat herd on the slopes of the Himalayas,” Mike Burnette, director of the Global Supply Chain Institute and a co-author of the study said. “A lack of ability to provide that kind of information in the face of safety or environmental violations can create a negative perception of the brand that may require immediate remediation and could take a brand years to recover from, if at all.”

EcoVadis's insight:

A new study outlines the best practices for leveraging transparency in supply chains for financial profit.

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HaydenK's curator insight, March 13, 11:54 PM

8. Transparency is important because it allows you to have visibility to all the activities taking place so it helps you better manage them and ultimately avoid troublesome situations.

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Your Stakeholders Now Want to Understand Your Biggest Risks – and So Should You 

Your Stakeholders Now Want to Understand Your Biggest Risks – and So Should You  | Sustainable Procurement News | Scoop.it
In order to mitigate such risks, leading corporates and financial institutions globally have implemented policies and processes that drive their relationships with the companies from which they supply, in which they invest, with which they partner, etc. They want to reduce their blind spots and go into relationships with clients or counter-parties or suppliers with their eyes fully open.
EcoVadis's insight:

Transparency in supply chain drives an urgent need for the integration of sustainability into all aspects of business.

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Transparency in sustainable forestry aids paper packaging procurement | Packaging Digest

Transparency in sustainable forestry aids paper packaging procurement | Packaging Digest | Sustainable Procurement News | Scoop.it
One of today’s trending topics in sustainable business is transparency. After decades of eroding consumer confidence in corporations, it is no longer acceptable for businesses to make baseless claims about the quality, safety and origin of products. Consumers are demanding more transparency in supply chains; they don’t just want to know you make a quality product, they want to know you make a quality product with quality components. They want to know where the product comes from and how it was produced.
EcoVadis's insight:

Customers' demands are influencing the way businesses interact with them; and one of the outcomes is the growing supply chain tools across sectors on how to further enhance transparency

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Walmart Names Names: Its List of 240+ Banned Factories in Bangladesh

Walmart Names Names: Its List of 240+ Banned Factories in Bangladesh | Sustainable Procurement News | Scoop.it
After announcing it will not join an industry-wide accord on factory safety in Bangladesh, the world's biggest retailer announced its own safety initiatives - and a list of factories banned from its supply chain...
EcoVadis's insight:

After H&M first move to disclose its factory list, following the Tazreen incident, Walmart is now releasing the list of factories it considered as unsafe and makes it available for all stakeholders.

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EcoVadis's comment, June 1, 2013 8:27 PM
Our experience at EcoVadis, shows that yes, it is possible to have such impact. However, our general approach would rather focus on prior engagement (not blacklisting). For example, we offer our clients to set Corrective Action Plans with their suppliers. This said, regarding the Rana Plaza incident, yes, filtering and disengagement should have remained a priority.
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H&M Makes Their Suppliers List Public

H&M Makes Their Suppliers List Public | Sustainable Procurement News | Scoop.it

"Fast-fashion mecca H&M has made public almost all of the company's global suppliers. While the company boasts the move as a step towards transparency, it also seems to be a marketing initiative aimed to build the company's brand."

EcoVadis's insight:

H&M disclosure of around 95% of its order volume for all brands across 23 countries is a gigantic step forward in terms of textile supply chain accountability and represents a unique move toward supply chain 2.0. The list can be found on the H&M website.

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Realising the benefits of sustainable procurement

Realising the benefits of sustainable procurement | Sustainable Procurement News | Scoop.it
Gary Waylett, CEO, Eclipse Group, outlines the role of excellent procurement practices not only to ensure adherence to sustainable procurement practices but also to deliver transparency
EcoVadis's insight:

This reflexion from Gary Waylett builds the case for the adoption of a sustainable procurement strategy. Shifting to green management practices in the supply chain proves to be an acid test to assess the robustness and transparency of existing processes in place. It is a driver for employee motivation, brand positioning ...

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Getting to know the supply chain: Lessons from 2016’s special editions

Getting to know the supply chain: Lessons from 2016’s special editions | Sustainable Procurement News | Scoop.it

And even if consumers don’t fully grasp the concepts or science around nutritional supplements , or with the supply chain and manufacturing processes of supplements, transparency is still in demand. “The concept to transparency on its face is appealing even though most people don’t understand what it means. I think they confuse it with claims like sustainability, or non GMO, or even organic,” Jeff Hilton, principal at branding agency BrandHive, told NutraIngredients-USA.

EcoVadis's insight:

Leading industry figures said that transparency could be the solution to many of the industry's distress. How transparent are you in your supply chain?

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Cherie Blair and Miriam González: why companies must act on slavery law

Cherie Blair and Miriam González: why companies must act on slavery law | Sustainable Procurement News | Scoop.it
Nearly 46 million people are enslaved globally – an estimated 12,000 of them in the UK – generating illegal profits of $150bn (£114bn). However unwittingly, British consumers and businesses are sustaining this cruel exploitation, with slavery likely to exist in the overseas supply chains of most large UK companies.
EcoVadis's insight:

Prime Minister, Theresa May, has established a government task force (with £33m in funding) which, together with the independent anti-slavery commissioner she appointed, is tasked with suppressing on what she described as “the greatest human rights issue of our time”.

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Sustainable Council calls for a 'shift' to increase transparency requirements

Sustainable Council calls for a 'shift' to increase transparency requirements | Sustainable Procurement News | Scoop.it
The American Sustainable Business Council is calling for transparency in cosmetics labelling and a reform of the sector’s legislation at a time when Congress is meeting to discuss investment in clean energy.
EcoVadis's insight:

Going beyond testing procedures and opting for 'supplier compliance' (sustainable procurement) will definitely count. 

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HP News - HP Releases List of Supply Chain Smelters

HP News - HP Releases List of Supply Chain Smelters | Sustainable Procurement News | Scoop.it

HP published a list of the 195 smelters that have been identified within its supply chain. This move underscores HP’s leadership toward achieving a conflict-free supply chain by encouraging suppliers to become conflict-free smelter (CFS) certified and urging the entire industry to move toward greater utilization of conflict-free smelters and refiners.

EcoVadis's insight:

Some outstanding transparency efforts from a major OEM towards increased supply chain disclosure....


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Optimise your outsourcing to achieve green goals

Optimise your outsourcing to achieve green goals | Sustainable Procurement News | Scoop.it

Jonathan Tapp, Head of Sustainability Services at Capgemini outlines three simple steps to utilise outsourcing in order to achieve your green objectives

EcoVadis's insight:

'Green outsourcing' can be a way to optmize resource allocation, thus contributing to energy savings. It can also involve green supplier selection, while looking at more sustainable options. Tangible benefits of adopting such an approach include a better knowledge of supplier data, which allows for a refinement of business risk assessment in the supply chain, and improve supplier relationship. Ultimately, it is necessary in order to fulfill stakeholders' need for increased CSR disclosure and transparency, according to Jonathan Tapp, Head of Sustainability Services at Capgemini.

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The Strategic Sourceror: Supply chain disclosure varies between companies

The Strategic Sourceror: Supply chain disclosure varies between companies | Sustainable Procurement News | Scoop.it

According to a new report from analyst firm Verdantix, some electronics companies headquartered in Asia take greater strides to report the environmental achievements in their supply chains than others.

EcoVadis's insight:

Supply chain transparency in reporting is on the rise, but still challenging and undefined for many companies. Electronics companies which oftern outsource large percentage of their production should absolutely be the front runners, but apparently they are not all on board.

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