10/14/2021 | Press release | Distributed by Public on 10/14/2021 02:23
The supply chain of a typical consumer company accounts for more than 80 per cent of its greenhouse gas emissions (known as Scope 3 emissions). In order to achieve a sustainable supply chain, the consumer company therefore has to address environmental, social, economic and legal concerns across the board.
Supply chain sustainability refers to a company's efforts to consider the environmental and human impact of their products and services, from raw materials sourcing to production, storage, delivery and transport.
A fully sustainable supply chain is one that ensures socially responsible business practices. However, as a supply chain gets deeper, we often see the emergence of a loss of control over the governance and operational management.
Here's what occupiers can do to ensure their supply chain is sustainable:
Not only is having a sustainable supply chain a responsible part of managing business, proving your green credentials can also help to align with existing and prospective clients. Externally verified certification is one way to show potential clients that you're taking essential steps to reduce your impact on the world. For example, through implementing internationally recognised management standards, such as ISO 14001, which is the best in class environmental management system standard, you are demonstrating commitment to the highest levels of sustainability.
By taking a holistic approach to supply chain management and responsible procurement, occupiers can help to balance waste and environmental footprint concerns, while also improving labour conditions and community impacts.