With front-line laborers taking a brunt of the pressure for supply chain management during COVID-19, a poll in April 2020 showed that managers and executives alike see social sustainability as top of mind as we head into 2021. In early July we released* the first annual State of Sustainability Report, co-produced by The MIT Center for Transportation & Logistics (MIT CTL) and the Council of Supply Chain … There are clear differences across industries in commitment, investment, and approach, but common threads exist with what goals organizations are setting and how they are attempting to reach those goals. A company’s entire supply chain can make a significant impact in promoting human rights, fair labour practices, environmental progress and anti-corruption policies. We believe that this approach will underpin a report that meets demands for information on supply chain sustainability that are not being met by current past research in this area. All rights reserved. Vitafoods Insights is part of the Informa Markets Division of Informa PLC. Sustainable supply chain management plays a vital role in safeguarding human and labor rights, as well as protecting the health and safety of workers. Photograph: Karen Beard/Getty Images Fri 26 Sep 2014 05.04 EDT Each was headed by an MNC considered to be a “sustainability leader”—one in the automotive industry, one in electronics, and one in pharmaceuticals and consumer products. Embracing environmentally sustainable business practices provide a number of advantages (Reilly, 2009). COVID-19 is a litmus test for company adoption of supply chain sustainability. ** The report is first available to MIT CTL and CSCMP members. What are Sustainable Supply Chains? Supply chain sustainability (SCS) is a holistic view of supply chain processes, logistics and technologies that affect the environmental, social, economic and legal aspects of a supply chain's components. Embracing environmentally sustainable … Sustainable Supply Chain Management (SSCM) is … ̥ Triple bottom line supply chain sustainability, or TBL, is a measure of sustainability that includes social, environmental and financial performance measures—people, planet and profit—and helps ensure that there is a long- “Supply chain sustainability” is the management of environmental, social and economic impacts, and the encouragement of good governance practices, throughout the lifecycles of goods and services. Copyright © 2020. Thousands of metrics can be used to report on supply chain sustainability, making it difficult to compare results. 10 SUSTAINABILITY IN THE SUPPLY CHAIN SUSTAINABILITY IN THE SUPPLY CHAIN 11 Less documented is the impact this skills shortage has already had on public sector projects. Making the leap to circular fashion highlights that mass … In a recent MIT SMR article, I argued that a sustainable supply chain “must operate within the thresholds imposed by nature and society.” Unfortunately, references to these thresholds are rare. We developed a framework of standards and expectations to guide our supplier business relationships, including through adoption of the Responsible Business Alliance … Our total supplier base spans across Canada in all 10 provinces as well as the Northwest Territories and Yukon. We use the following measures to consistently implement and enforce our sustainability requirements within the supply chain: Our sustainability requirements are put into practice across the entire Model Group and expanded to also cover the procurement of additives. Typically, sustainability initiatives include identifying the source of raw materials, ensuring good conditions for workers and reducing the carbon footprint. Supply Chain Digital takes a closer look at the companies featured in September’s top ten largest sustainable supply chains worldwide. A company’s entire supply chain can make a significant impact in promoting human rights, fair labour practices, environmental progress and anti-corruption policies. Supply-chain sustainability is a business issue affecting an organization’s supply chain or logistics network in terms of environmental, risk, and waste costs. Global Sustainable Supply Chain Finance Market Research Report 2019 to 2026 has complete details about market of Sustainable Supply Chain Finance industry, Sustainable Supply Chain Finance analysis and current trends. Of the public sector managers who responded to our survey, 35% rated the skills shortage in their local area as ‘bad’ or ‘severe’. Optimally, it serves to empower women and alleviate poverty. Sustainable supply chain enables an understanding of customer, suppliers, and shareholder expectations creating maximum return on the investments of the company. We also … Sustainability concept and its relationship with supply chain management The concept of sustainability is designed around there elements, environmental, social and economic development. Download the State of Supply Chain Sustainability 2020 report. to 2019 indicate that systemic challenges remain to improve supply chain transparency. Sustainable Procurement Looking Forward According to our Sustainable Procurement Policy, SABIC operations must procure materials and services from suppliers that meet legal, ethical, and fair practices in line with the SABIC Supplier Code of Conduct. Supply chain sustainability delivers business value: It reduces costs, spurs productivity and in some cases drives returns. Simply put, you want to do business with people and businesses that do things the right way, and avoid altogether those who don’t. Welcome to the second NHS Supply Chain sustainability report, which allows us an opportunity to share our efforts to identify, measure and manage the impacts our business has on both the environment and the communities within which we serve. Supply Chain Reports Measuring the effectiveness of our actions is a critical step in the ongoing effort to build a responsible, resilient supply chain. This report seeks to demystify the US$6 billion revenue opportunity for financial service providers to integrate sustainability considerations into supply chain finance, allowing buyers, suppliers, and financial service providers to create mechanisms that reward and incentivize sustainable behavior in supply chains. Working together for Sustainable Supply Chain Impact . Photograph: Karen Beard/Getty Images Fri 26 Sep 2014 05.04 EDT The research approach has three pillars: an anonymous survey of supply chain professionals, cross-industry executive interviews, and a … Defining Supply Chain Sustainability This report defines a sustainable EV battery supply chain as one that addresses all risks—including human rights, governance and corruption, equity and … Full report … This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. With a sample of over 1,100 Supply Chain professionals we gleaned key insights that will enable informed decision-making for players across industries and supply chain roles. In 2016, we signed up for EcoVadis, a collaborative platform for sustainable supply chain management, which covers a wide range of screening criteria across the topics of environmental impacts, human rights, labour practices, ethics and sustainable procurement. Consumers indicate a desire to support sustainable brands, but how much more will they realistically spend? Web page addresses and e-mail addresses turn into links automatically. Sustainability concept and its relationship with supply chain management The concept of sustainability is designed around there elements, environmental, social and economic development. To the Minister for Foreign Trade and Development Cooperation . (For the specific selection criteria, see the “About the Research” sidebar.) Finishing in second place in our sustainable list is the IT giants. The pressure to drive supply chain sustainability is diffuse across many sources, and contrary to accepted wisdom, it is being exerted by a diversity of stakeholders—not just campaigners like non-governmental organizations (NGOs). Managing the social, environ-mental and economic impacts of supply chains, and combating corruption, makes good busi … ** The report is now available to the general public. The MIT Center for Transportation & Logistics and the Council of Supply Chain Management Professionals (CSCMP) have teamed up to launch the annual State of Sustainable Supply Chains Report that will help companies gain a better understanding of the importance of supply chain sustainability to their enterprises, industries, and the planet. A sustainable supply chain creates a vision for the company providing direction of the company’s strategies and defining the company’s commitment to achieve competitive advantage. This publication is the “ministerial version” of the advisory report,in advance of the official SER publication. How much will stakeholders invest in future-proofing their supply chain? Working together for Sustainable Supply Chain Impact . Devices is committed to increasing the sustainability of products and supply chain. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. A separate report from the UN Global Compact and BSR suggests communication is key to develop sustainable supply chains. Measurement and Reporting Framework. For many, professionals and executives alike see sustainability more commonly as a part of supply chain duties. This publication is the “ministerial version” of the advisory report… This report is a result of collaboration between HSBC and The Sustainability Consortium to help companies understand why climate change risks should be addressed within a supply chain risk management program and discuss the options that companies have to create greater supply chain resilience. This report is a result of collaboration between HSBC and The Sustainability Consortium to help companies understand why climate change risks should be addressed within a supply chain risk … Global Supply Chain Report 2017 Explore how purchasers and suppliers are working together to improve sustainability across global supply chains and taking advantage of low-carbon opportunities Download the report 3MB 1 hour read Harnessing the power of purchasing for a sustainable future. The role of the supply chain professional in sustainability is clear. The research approach has three pillars: an anonymous survey of supply chain professionals, cross-industry executive interviews, and a systematic review of media coverage and corporate social responsibility reports. To the Minister for Foreign Trade and Development Cooperation . Finishing in second place in our sustainable … Futureproof Policy for International RBC . We are committed to providing our customers and other … Understanding and quantifying climate impacts, risks, and opportunities is fundamental to developing a sustainable supply chain program. Our total supplier base spans across Canada in all 10 provinces as well as the Northwest Territories and Yukon. Sustainable supply chain – report TAGS: Industry Report Media Assets Sustainability and Transparency Supply Chain Examining the opportunities to protect people, planet and profits through sustainable action—and the barriers holding supply chain stakeholders back… There are also regulatory and compliance reasons to focus on supply chain sustainability. Up first, is Apple. The State of Sustainable Supply Chains: Building Responsible and Resilient Supply Chains Provides an overview of the current state of sustainable supply chains globally through interviews of more than … ̥ Successful supply chain sustainability requires good supply chain strategy and the capability to implement it. E Y Climate Change and Sustainability Services (CCaSS) collaborated with the UN Global Compact on a study to better understand how companies are managing their supply chains in ways that support the objectives of the United Nations 2030 Agenda and Sustainable Development Goals (SDGs). Resource Author. New approaches are needed. Number 8860726. Introducing the Sustainable Packaging Toolkit, Sustainability and climate change: Part of the bigger picture – podcast. Figure 1 provides a framework to measure and report supply chain sustainability. Informa Markets, a trading division of Informa PLC. Consumers are certainly drivers of activation, but investors and funding bodies are equally evolving their evaluation of suitable partnerships and acquisitions. This shortage is already impacting on Sustainability has arrived in Supply Chain Management 6th November 2020 . In their 2019 Impact Report, TSC details that companies are still struggling with challenges that can include … How are CPG brands tackling sustainability? It helps organizations prioritize, plan and lead on engaging with … Covered in this sustainable supply chain report: Registering as a member of Vitafoods Insights will give you free access to premium content including digital magazines, webinars, whitepapers and more. FY16. Registered in England and Wales. Supply chains: A missing link for sustainability A high-functioning supply chain—the entire hierarchy of organizations, including energy providers, involved in making and distributing goods—can allow a … Supply chains are a powerful mechanism for connecting people and products, providing a ready venue for industry and stakeholders to … The study provides historical data from 2015 to 2019 along with … In a report released today, Forum for the Future and leading fashion manufacturers Cobalt Fashion, Ramatex Group and Yee Chain International are calling on brands, retailers and other stakeholders to step up efforts to include supply chain voices in the industry’s drive to transform how apparel is designed, made, sold and used. Not only does this help our company perform better, reducing costs and improving efficiencies, it also drives our desire to innovate and deliver value to customers, the … Examining the opportunities to protect people, planet and profits through sustainable action—and the barriers holding supply chain stakeholders back. To integrate sustainability in our supply chain, we look across our business. Steps to Supply Chain Sustainability Supply chain sustainability is increasingly recognized as a key component of corporate responsibility. Through our direct efforts and partnerships, Microsoft Devices sustainability performance progressed in FY20 in the areas of human rights, environment, environmental health and safety, and ethics. 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