SUSTAINABLE SOURCING
when you get a new customer or making a donation to charity . But we think about how companies can make an impact on a larger scale through their supply chain . Sustainability became the number one topic for chief procurement officers .”
Many CPOs celebrated this year ’ s Earth Day on 22 April . The theme was ‘ Restore Our Earth ’. EcoVadis helps other businesses build corporate social responsibility and sustainable procurement , but what does restoration mean at EcoVadis ?
“ Building back better , with sustainability playing a big part ”, says Thaler . “ We have seen a big change in how investments are made . I think we are starting to see the same in procurement . If you want to be carbon neutral , there will be a massive shift in what corporations are doing . We ' re seeing more and more customers looking to manage their Scope 3 carbon emissions by engaging their suppliers in the decarbonization journey ." Thaler says sustainable supply chains make an impact on an organisation ’ s overall climate change goals .
“ As a global rating agency , we see first-hand how few of the companies in the supply chain are really prepared for , or engaged in , GHG / carbon emissions reporting and reduction − especially among SMEs , where it ’ s less than 15 %. These are the insights and tools we provide our customers all over the world ”, he says .
Forging a diverse supply base Supplier diversity helps organisations reduce risk and improve sustainability outcomes .
“ Forging good relationships with supply partners is a long-term strategic initiative ”, says Bureau . “ Without attacking diversity and inclusivity across the supply chain , it will be difficult to move the needle or make any headway .” sustainabilitymag . com 113