Sustainable Sourcing
Sustainable
Sourcing
Sustainable sourcing is the way forward. This starts with improving sustainability performance in our own supply chain and demonstrating the resilience of sustainable business.
Why Sustainable sourcing can play a Key Role
The world’s population is growing and natural resources are scarce, which is why sustainable sourcing is becoming increasingly important for companies, and government.
Demand for sustainable fashion is growing and margin pressure is increasing, which means that it is becoming more important for companies to improve the efficiency of their product development and sourcing processes. This means that sustainable raw materials have to be used in developing products on a large scale.
Sustainable
Sourcing Benefits
- Proactively manage risk by developing a deep understanding of a company's complex global supply chain and its efficiency and effectiveness.
- Strengthen the organization’s license to operate and increase credibility through enhanced stakeholder and supplier relationships.
- Drive long-term change by increasing supplier ownership of working conditions and environmental performance in their workplaces.
- Have a clear, effective response to external pressures, such as reducing a company's exposure to costly shareholder resolutions, activist campaigns, and negative media.
- Identify opportunities for supply chain innovation.
Sustainable
Development Goals
The Sustainable Development Goals (SDGs), also known as the Global Goals, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. These 17 goals build on the Millennium Development Goals (MDGs), while including new areas such as climate change, economic inequality, innovation, sustainable consumption, peace and justice, among other priorities. The goals are interconnected – often the key to success in one will involve tackling issues more commonly associated with another.