Informa Markets, a trading division of Informa PLC. 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. 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. Sustainability has arrived in Supply Chain Management 6th November 2020 . Leveraging supply chain finance mechanisms to incentivize sustainable behaviors in global supply chains is an opportunity for businesses and for sustainability Supply chain sustainability delivers business value: It reduces costs, spurs productivity and in some cases drives returns. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Download the State of Supply Chain Sustainability 2020 report. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Introducing the Sustainable Packaging Toolkit, Sustainability and climate change: Part of the bigger picture – podcast. Embracing environmentally sustainable business practices provide a number of advantages (Reilly, 2009). There are also regulatory and compliance reasons to focus on supply chain sustainability. What are Sustainable Supply Chains? Embracing environmentally sustainable … Understanding and quantifying climate impacts, risks, and opportunities is fundamental to developing a sustainable supply chain program. SABIC aspires to be recognized globally as a chemical industry’s leader in sustainable supply chains. 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. 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. Allowed HTML tags: . We also … Examining the opportunities to protect people, planet and profits through sustainable action—and the barriers holding supply chain stakeholders back. Copyright © 2020. 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). To integrate sustainability in our supply chain, we look across our business. It helps organizations prioritize, plan and lead on engaging with … Report (2016) The State of Sustainable Supply Chains: Building Responsible and Resilient Supply Chains. 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. To understand the situation and develop ideas for tackling it, we conducted a study of three supply networks. This publication is the “ministerial version” of the advisory report,in advance of the official SER publication. The supply chain organization is well-positioned to help the enterprise balance its profitability and purpose goals as it shifts to supply chain sustainability. A sustainable supply chain is created by integrating social, ethical and environmental performance factors into the process of supplier selection, production and deliveries to customers. Web page addresses and e-mail addresses turn into links automatically. The study provides historical data from 2015 to 2019 along with … Steps to Supply Chain Sustainability Supply chain sustainability is increasingly recognized as a key component of corporate responsibility. 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. There is a growing need for integrating environmentally sound choices into supply-chain management. to 2019 indicate that systemic challenges remain to improve supply chain transparency. Sustainability concept and its relationship with supply chain management The concept of sustainability is designed around there elements, environmental, social and economic development. Determining a way to find out, and creating a policy based on how sustainable you want to be, is the essence of sustainable supply chain management. Supply Chain Digital takes a closer look at the companies featured in September’s top ten largest sustainable supply chains worldwide. Thousands of metrics can be used to report on supply chain sustainability, making it difficult to compare results. Devices is committed to increasing the sustainability of products and supply chain. to 2019 indicate that systemic challenges remain to improve supply chain transparency. A company’s entire supply chain can make a significant impact in promoting human rights, fair labour practices, environmental progress and anti-corruption policies. Figure 1 provides a framework to measure and report supply chain sustainability. 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. COVID-19 is a litmus test for company adoption of supply chain sustainability. Supply Chain A sustainable supply chain is created by integrating social, ethical and environmental performance factors into the process of supplier selection, production and deliveries to customers. ** The report is first available to MIT CTL and CSCMP members. Making the leap to circular fashion highlights that mass … Use the Alt or Command key to select multiple topics, or de-select topics, Use the Alt or Command key to select multiple categories, or de-select categories, MIT Center for Transportation & Logistics and Council of Supply Chain Management Professionals, State of Supply Chain Sustainability Report 2020, Computational and Visual Education (CAVE) Lab, New England University Transportation Center, Learn more about the MIT Sustainable Supply Chain Initiative, State_Supply_Chain_Sustainability_MIT_CTL_CSCMP_0.pdf. Up first, is Apple. We also purchase products and services from nearly 40 countries. Lines and paragraphs break automatically. There are also regulatory and compliance reasons to focus on supply chain sustainability. Working together for Sustainable Supply Chain Impact . 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. 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. The UN Global Compact is the world’s largest sustainability initiative and EY has been a participant since 2009. 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 … Optimally, it serves to empower women and alleviate poverty. 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. Registered in England and Wales. 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. 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. Setting Standards for Our Suppliers. (For the specific selection criteria, see the “About the Research” sidebar.) Futureproof Policy for International RBC . 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. Thousands of metrics can be used to report on supply chain sustainability, making it difficult to compare results. 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. Futureproof Policy for International RBC . Supply Chain Digital takes a closer look at the companies featured in September’s top ten largest sustainable supply chains worldwide. Finishing in second place in our sustainable list is the IT giants. This online supplement to our integrated report should be read in conjunction with PMI’s Integrated Report … How much will stakeholders invest in future-proofing their supply chain? 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. In this inaugural edition, the MIT CTL and CSCMP of teamed up to explore how sustainability practices are being implemented in global supply chains and what that means for companies and professionals in the State of Supply Chain Sustainability 2020 . Consumers indicate a desire to support sustainable brands, but how much more will they realistically spend? To integrate sustainability in our supply chain, we look across our business. 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 … 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 … … Photograph: Karen Beard/Getty Images Fri 26 Sep 2014 05.04 EDT Sustainable supply chain management plays a vital role in safeguarding human and labor rights, as well as protecting the health and safety of workers. These insights included: the presence and makeup of publicly stated goals, the depth of investment across issues area, key practices in place to manage sustainability, and what sustainability means for the supply chain professional. Read more about our 2019/20 performance and progress in our latest Sustainability Report. ̥ 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- The research approach has three pillars: an anonymous survey of supply chain professionals, cross-industry executive interviews, and a … Typically, sustainability initiatives include identifying the source of raw materials, ensuring good conditions for workers and reducing the carbon footprint. Measurement and Reporting Framework. 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. Simply put, you want to do business with people and businesses that do things the right way, and avoid altogether those who don’t. We are committed to providing our customers and other stakeholders with insight into our performance. Supply chains are a powerful mechanism for connecting people and products, providing a ready venue for industry and stakeholders to … 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. A sustainable supply chain is one that includes measures of profit and loss as well as social and environmental dimensions (Carter and Rogers 2008; Linton, Klassen, and Jayaraman 2007). 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… 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 publication is the “ministerial version” of the advisory report… Sustainable supply chain enables an understanding of customer, suppliers, and shareholder expectations creating maximum return on the investments of the company. This report concludes with how COVID-19 is influencing supply chain sustainability, and what that might mean for the future. FY16. 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 … 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 … How are CPG brands tackling sustainability? Number 8860726. 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. In their 2019 Impact Report, TSC details that companies are still struggling with challenges that can include … Managing the social, environ-mental and economic impacts of supply chains, and combating corruption, makes good busi … 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. Working together for Sustainable Supply Chain Impact . RFF Workshop yields action steps for sustainable packaging, The intersection between probiotics and natural ingredients, COVID-19 drives demand for specific self-care products and related clinical research, Nutritional solution for children’s height launches in Asia – podcast, Glucosamine, chondroitin may reduce overall mortality. Vitafoods Insights is part of the Informa Markets Division of Informa PLC. Download our full Sustainability Report 2020 Sustainability Report 2020 (PDF, 6.8 MB) With around 2,400 people, we … The role of the supply chain professional in sustainability is clear. Sustainable Supply Chain Management (SSCM) is … For consumers in the natural products industry, sustainability is a multi-layered term that relates to more than vaguely addressed environmental issues; it refers to ethical corporate behaviour aimed at improving oprtations and safe production. For many, professionals and executives alike see sustainability more commonly as a part of supply chain duties. Supply Chain Reports Measuring the effectiveness of our actions is a critical step in the ongoing effort to build a responsible, resilient supply chain. Scaling up sustainable supply chain practices The number of companies forging ahead with an industry-leading approach to tackling emissions in the supply chain has doubled in a year, according to CDP’s … All rights reserved. Up first, is Apple. We developed a framework of standards and expectations to guide our supplier business relationships, including through adoption of the Responsible Business Alliance … Finishing in second place in our sustainable … New approaches are needed. the IWAY Standard, the IKEA Group Sustainability Strategy for 2020, and the IKEA Group Sustainability 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 … Download the State of Supply Chain Sustainability 2020 report. 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. 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. Will brands adjust accept hits to their profit margins in the interest of brand value built on ethics? Resource Author. Lower-carbon supply chain We continuously work with our contractors and suppliers to find ways for them to build lower-carbon solutions into our supply chains. We also studied a representative set of each MNC’s suppliers—a total of nine top-tier and 22 lower-tier suppliers, based variously in Mexico, China, Ta… At LC Packaging, we train our employees to understand and make better-informed decisions that lead to more sustainable procurement and consumption. 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. Our total supplier base spans across Canada in all 10 provinces as well as the Northwest Territories and Yukon. To the Minister for Foreign Trade and Development Cooperation . ** The report is now available to the general public. We are committed to providing our customers and other … Photograph: Karen Beard/Getty Images Fri 26 Sep 2014 05.04 EDT Sustainability concept and its relationship with supply chain management The concept of sustainability is designed around there elements, environmental, social and economic development. A separate report from the UN Global Compact and BSR suggests communication is key to develop sustainable supply chains. Our total supplier base spans across Canada in all 10 provinces as well as the Northwest Territories and Yukon. ̥ Successful supply chain sustainability requires good supply chain strategy and the capability to implement it. How do companies reap the rewards of improved corporate reputation, strengthened customer relationships, and improved corporate morale? 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). Supply chain sustainability delivers business value: It reduces costs, spurs productivity and in some cases drives returns. This report concludes with how COVID-19 is influencing supply chain sustainability, and what that might mean for the future. “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. In their 2019 Impact Report, TSC details that companies are still struggling with challenges that can include measuring and reporting GHG emissions, changing to more sustainably sourced or recycled material in product and packaging design, and addressing social responsibility issues like labor rights. The supply chain organization is well-positioned to help the enterprise balance its profitability and purpose goals as it shifts to supply chain sustainability. Full report … A company’s entire supply chain can make a significant impact in promoting human rights, fair labour practices, environmental progress and anti-corruption policies. This shortage is already impacting on Consumers are certainly drivers of activation, but investors and funding bodies are equally evolving their evaluation of suitable partnerships and acquisitions. 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