What companies are doing in supply chains that’s working
By Bill Hatton
You know one major theme of the corporate responsibility, sustainability and share value movement involves transformation of the supply chain. Numerous sustainability managers have told CR Magazine (and probably you) that their job involves a hard look outside the company—looking for ways to partner with others to drive down costs, cut waste, reduce carbon footprints, and hopefully do some social good, too.
And you know that’s easier said than done. That’s why we’ve taken a deeper look at how companies are improving their supply chains. In this section, CR Magazine offers a look at three companies who are facing some tough questions and coming with answers you can adapt and apply in your organization.
THRIVE Coffee CEO:
‘I’m not a supply-chain expert, but .
And how you can discover those impacts
By Mike Wallace
So you’ve figured out your own sustainability situation, you’ve done your materiality assessment and are working on your next report, and doing so according to GRI’s G4 Guidelines. Like most of the others in your industry, you’re actively monitoring the other reporting frameworks that surround the market: CDP, SASB, IIRC and maybe you’re working directly with your industry association to collectively identify the most material issues among your peers. Perhaps you are even engaging directly with these reporting frameworks to help shape the next generation of guidance.
That’s all great and you are well on your way toward understanding your overall sustainability performance and getting a real handle on your situation. One thing, however: What about your supply chain? Have you had a close look at your suppliers and how they impact your own sustainability performance? Have you taken a general look at the potential business interruptions that could be hiding in Tier 1, 2 or 3? Are you even aware of the reputational issues that surround your suppliers, or how a reputational incident could roll up to your organization?
What does one do?
Well, you need to take a general reading of the situation, which can be done by benchmarking your industry peers or aspirational peers to see what they are doing.
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