Commitment to sustainable procurement has increased by a significant 81% over the past three years, according to a new study from EcoVadis, driven in part by a rise in executive-level support.
When it comes to CSR performance over the last couple of years, sustainable procurement lags behind other environmentally responsible practices such as business ethics and human rights initiatives, posing risks for industries across the board, according to a new report from sustainability rating company EcoVadis. These risks include damages to ... Read more »
Clarins, Coty, L’Oreal and Groupe Rocher have joined with EcoVadis to launch the Responsible Beauty Initiative (RBI), a group that the companies say will accelerate social and environmental performance and progress throughout the
“Storied plastics,” or plastics that are collected by waste stream, sorted by material type, and traced back to the original point of origin, are a good choice of material for use in packaging as companies attempt to improve their sustainability practices, writes Pierre-Francois Thaler, co-founder and co-CEO of EcoVadis (via ... Read more »
Fifty percent of sustainable procurement leaders experienced increased revenue from sustainability initiatives, a 33 percent increase over non-leaders, according to the results of the latest EcoVadis/HEC Sustainable Procurement Barometer.
Ikea says it will invest €1 billion ($1.1 billion) to secure a long-term supply of sustainable materials for its products.
Two new draft texts for a climate deal were released today at COP21, with additional drafts expected to follow as governments negotiate a global climate deal in Paris. Business leaders, meanwhile, continue to step up their efforts to influence climate policy. CEOs of seven apparel companies — Levi Strauss & ... Read more »
To help companies better monitor supply chain performance and advance sustainable purchasing, supplier collaboration platform Tradeshift has partnered with EcoVadis, creator of the first collaborative platform providing supplier sustainability ratings for global supply chains. The partnership will give Tradeshift customers access to EcoVadis’ supplier sustainability ratings. Companies are under ever-increasing ... Read more »
An initiative to drive sustainability throughout the railway supply chain has been created, with founding members committing to a vision whereby all suppliers have in place good practices and standards across all aspects of corporate social responsibility. The mission of the initiative is to embrace continuous improvement, share best practices, ... Read more »
Outside of certain industries such as high tech and retail, procurement organizations haven’t universally defined and adopted sustainability key performance indicators (KPIs), according to research by EcoVadis and A.T. Kearney. Spend Matter reports on the study and says it also finds companies in supplier management are more concerned with “results-driven” ... Read more »
EcoVadis and BSR’s Clean Cargo Working Group (CCWG) have teamed up to standardize environmental reporting requests for the sea freight supply chain. Under the partnership, sustainable supply chain firm EcoVadis will align its environmental assessment questionnaires for sea carriers with the Clean Cargo Environmental Performance Survey framework. Clean Cargo members ... Read more »
Chemical companies BASF, Bayer, Evonik Industries, Henkel, Lanxess and Solvay have concluded their first year of piloting sustainability assessments and audits in global supply chains. The companies’ joint initiative, Together for Sustainability (TfS), aims to develop and implement a global supplier engagement program that assesses and improves chemical sustainability sourcing ... Read more »