A UN pilot on reporting standards for sustainable value chains is getting underway. The United Nations Environment Program and the Society for Environmental Toxicology and Chemistry are actively seeking large global companies to take part in the pilot, which aims to develop and test a “capability framework” for sustainable value chains, reports Industry Week.
“Companies are being overwhelmed by initiatives to measure their sustainability performance,” said project manager Tom Swarr, in the article.
The so-called “capability framework” seeks to tap into a well-dispersed group of global suppliers to develop a model for reporting on sustainability.
This new effort is part of the evolution of an earlier collaboration with the World Business Council for Sustainable Development on life cycle management, according to a press release.
The effort is meant to be complementary to existing supply chain initiatives to develop sustainability indices, as well as to measure Scope 3 GHG emissions. The groups want lower-tier companies to have the ability to provide accurate data.
A meeting to discuss results of Phase 1 and how and when to launch the next phase will take place at the SETAC Europe 20th Annual Meeting in Seville, Spain, in May.