Sustainable supply chain management including product and life cycle analysis
New regulations and stakeholder pressures in today’s global marketplace are forcing companies to integrate sustainable practices and standards into their day-to-day operations.
Consumers and retailers demand responsible products with increasing levels of transparency and traceability.
As consumers have become more environmentally aware, they have started demanding higher levels of sustainability and social responsibility from the companies that sell them products and services.
As a result, companies need to find ways of ensuring product sustainability compliance and innovation in their supply chains. This is complex, data intensive and challenging, as it involves evaluating multiple suppliers on a range on financial, social and environmental dimensions.
Stakeholders are also increasingly making it clear that they want a clean conscience and greater governance standards over supply chains to protect customers, suppliers and employees – and of course, the natural environment.
Better sustainable supply chain management can protect brand reputation and the scale of their investment. Recent high profile supply chain failures have inflicted heavy reputational damage on some leading global brands, and investors want to insure against such a risk.
Supply chain management is a fundamental aspect of a sustainable business
We believe that in order to be called sustainable, a company needs to operate without causing environmental damage. At its most basic, this means that the rate at which it uses resources should not outstrip the rate at which these resources can be replenished. It also requires that all the external costs of business operation be considered in decision making.
Thus, companies may find that their biggest sustainability threats, impacts and risks lie with their supply chain. Because no company is an island, its risks, impacts and decisions influence role players up and down the value chain. Companies therefore need to expand their sustainable development efforts to include, consider and manage this aspect.
Our sustainable supply chain management services include:
- Analysing and mapping suppliers according to specific global standards, guidelines and frameworks.
- Conducting materiality assessments, risks and impacts across the value chain.
- Conducting due diligence to understand compliance aspects.
- Developing and reviewing procurement practices.
- Developing indicators and performance standards to integrate information with the sustainability and integrated reports.