EcoVadis

Illumina's Sustainability Efforts Rewarded With Gold Rating From EcoVadis

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Illumina has been awarded the EcoVadis Gold Star Rating for sustainability efforts, which places Illumina among the top 5% globally for sustainability performance and the top 2% in our industry out of the 75,000 companies assessed across 160 countries and 200 industries.

EcoVadis is a ratings platform that assesses a company’s sustainability based on 21 criteria across four main topic areas of environment, labor and human rights, fair business practices and sustainable procurement.

Lavazza: Toward Shared Sustainability Goals

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According to Roberta Garizio, Lavazza’s Indirect Purchasing Director, maintaining an open dialogue with suppliers on what sustainability goals they share is critical to increasing resilience. And ratings helped immensely in deciding how to work with suppliers during the crisis.

See six more practitioner perspectives from across industries like Retail, Manufacturing, Consumer Goods, Pharma, Food & Beverage: View the videos here

Bayer: A Responsible Supply Chain Equals a Resilient Supply Chain

Responsible Equals Resilient
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Thomas Udesen, Chief Procurement Officer at Bayer believes that a responsible supply chain is a resilient supply chain. And the best way to responsible, sustainable purchasing is through collaboration with industry peers and suppliers. 

See six more practitioner perspectives from across industries like Retail, Manufacturing, Consumer Goods, Pharma, Food & Beverage: View the videos here

Schneider Electric: Acting Responsibly Is the Only Way to Resilience

Go With the Tide, Not Against It
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Jean-Pascal Tricoire, Chief Executive Officer at Schneider Electric compares running a sustainable business to going with the tide, rather than against it. Following your moral compass and acting responsibly is the only way to resilience.

See six more practitioner perspectives from across industries like Retail, Manufacturing, Consumer Goods, Pharma, Food & Beverage: View the videos here

L'Occitane Engaging in Sustainable Procurement

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L’Occitane Group’s COO, Lorenzo Giacomoni, explains how it turned out that during the crisis the fact that the group had placed sustainability at the heart of the business proved the group remained resilient. Sustainable commitment is now anchored even stronger in the Group’s strategy. 

See six more practitioner perspectives from across industries like Retail, Manufacturing, Consumer Goods, Pharma, Food & Beverage: View the videos here

Why Suppliers are Key to Unlocking Sustainable Procurement Value

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Despite the recent challenges of the COVID-19 pandemic, both buyers and suppliers are increasing their commitment to sustainable procurement. This trend is spurred by growing awareness of the need for sustainable and resilient supply chains to unlock new value, remain agile in the face of future crises, comply with emerging regulations and respond to growing pressure from consumers and investors. The spotlight often shines on the benefits that buying companies can reap from implementing sustainable procurement programs and initiatives. However, our recently launched Sustainable Procurement Barometer 2021 report – which surveyed both suppliers and buyers – makes a compelling case for why suppliers have just as much to gain. Here are four key takeaways from this year’s Barometer.

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Despite the recent challenges of the COVID-19 pandemic, both buyers and suppliers are increasing their commitment to sustainable procurement. This trend is spurred by growing awareness of the need for sustainable and resilient supply chains to unlock new value, remain agile in the face of future crises, comply with emerging regulations and respond to growing pressure from consumers and investors. The spotlight often shines on the benefits that buying companies can reap from implementing sustainable procurement programs and initiatives. However, our recently launched Sustainable Procurement Barometer 2021 report – which surveyed both suppliers and buyers – makes a compelling case for why suppliers have just as much to gain. Here are four key takeaways from this year’s Barometer.

2021 Sustainable Procurement Barometer Key Findings [Infographic]

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This infographic surveys the key findings derived from the Sustainable Procurement Barometer 2021. Developed jointly by EcoVadis and the Value Chain Innovation Initiative at Stanford Graduate School of Business, the Barometer tracks the enduring expansion of sustainable procurement across regions and industries following COVID-19 and highlights that the disruption to global supply chains affected by the pandemic has served only to consolidate corporate sustainability goals atop the executive agenda. 

Mid-Size Companies: The Next Frontier in Sustainable Procurement

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Sustainable procurement is now an accepted part of doing business for the world’s leading companies, with multinational giants like NestléJohnson and Johnson and Bridgestone taking increasingly ambitious strides to integrate sustainability throughout their complex and far-reaching supply chains. Since 2007, our Sustainable Procurement Barometer has tapped into our extensive network to gauge how companies across a range of industries and geographies are approaching procurement. For years, most of the responses we received were from Global 500 companies. However, our Sustainable Procurement Barometer 2021 – launched in partnership with Stanford’s Value Chain Innovation Initiative –  tells a very different story.

Article

Sustainable procurement is now an accepted part of doing business for the world’s leading companies, with multinational giants like NestléJohnson and Johnson and Bridgestone taking increasingly ambitious strides to integrate sustainability throughout their complex and far-reaching supply chains. Since 2007, our Sustainable Procurement Barometer has tapped into our extensive network to gauge how companies across a range of industries and geographies are approaching procurement. For years, most of the responses we received were from Global 500 companies. However, our Sustainable Procurement Barometer 2021 – launched in partnership with Stanford’s Value Chain Innovation Initiative –  tells a very different story.

Return on Sustainability, Spotlight 6: Increased Sales Revenue

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Return on Sustainability Series

Business with sustainable procurement programs in place and solid commitment to the sustainable supply chain win more business and may see sales revenue increases of up to 20%, according to researchers. Meanwhile, sustainable products and services tend to grow at six times the rate of overall company revenues. 

Return on Sustainability, Spotlight 5: Innovation

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Return on Sustainability Series

Sustainable innovation is widely regarded as integral to long-term growth, differentiation and competitive defense. Companies are also looking to leverage collaboration with their supplier base as a massive lever to scale innovation.

Part of the Return on Sustainability Series, this ebook looks at how sustainability practices drive innovation and how companies can effectively use it as a key strategic and tactical advantage. 

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