Como você pode criar valor compartilhado por meio do fornecimento sustentável?

To truly realise the bigger sustainability goals such as net zero, socio-economic parity and robust governance, it is important that organisations ensure active involvement of their value chain partners as well. For most of the organisations, a majority of the impact occurs in their value chain and given the complexity of supply chains, it may become difficult to obtain visibility beyond a certain tiers. Thus, it is extremely important for organisations to put in place a sustainable sourcing strategy, policy, framework, create provisions in the vendor onboarding process for sustainable procurement. Further, it is also important for organisations to sensitise, engage and invest in their value chain partners to achieve sustainability goals.

Sustainable sourcing helps to deal with Environmental and Social issues in supply chain. By improving environmental & social conditions in supply chain chain such as ensuring the absence of any child & forced labor, keeping a check on human rights conditions, ensure absence of any irreversible damage to environment at suppliers' premises creates a shared value for both suppliers and their clients on sustainability topics.

Sustainable sourcing matters because it helps address critical issues like environmental degradation, social injustice, and economic inequality. By prioritizing sustainable practices, companies can minimize their environmental footprint, promote fair labor conditions, support local communities, and ensure the long-term viability of natural resources. This not only benefits the planet and society but also contributes to the resilience and success of businesses in the long run.

💠 Furthermore, sustainable sourcing contributes to long-term sustainability goals by conserving natural resources, protecting ecosystems, and promoting social equity along the supply chain. It fosters innovation by driving demand for eco-friendly products and processes, encouraging suppliers to invest in sustainable technologies and practices. Sustainable sourcing also aligns with evolving consumer preferences for ethical and environmentally responsible products, enhancing brand value and market competitiveness. Additionally, it supports regulatory compliance and resilience against future environmental and social challenges, positioning businesses as leaders in corporate responsibility and contributing to global sustainability efforts.

🔻 Additionally, engaging with stakeholders, including suppliers, workers, communities, and consumers, can provide valuable insights into the social and ethical dimensions of your supply chain impacts. Collaborating with industry peers, non-governmental organizations (NGOs), and academia can also offer diverse perspectives and expertise to enhance your assessment process. Moreover, integrating emerging trends and emerging issues, such as climate change, human rights, and circular economy principles, into your assessment framework ensures that your evaluation remains relevant and responsive to evolving sustainability challenges.

✒️ Engaging stakeholders in goal-setting enhances alignment with organizational objectives. Regularly reviewing and updating goals ensures relevance and responsiveness to changing circumstances and sustainability trends. Establishing tracking mechanisms enhances accountability and transparency, facilitating continuous improvement. Integrating sustainable sourcing goals into corporate strategies reinforces their importance throughout operations.

Develop clear, actionable, and impactful sustainable sourcing goals that align with your company's values and contribute to positive environmental and social outcomes by: . Understanding Stakeholder Expectations . Assessing Current Performance . Aligning with Company Values and Strategy . Using SMART Criteria . Prioritising Impact Areas . Collaborating  with Suppliers . Setting Incremental Targets . Monitoring and Reviewing Progress . Communicating Transparently . Continuous Improvement

One of the most direct ways to convey your sustainability goals is to actively screen and choose suppliers that align with your sustainability values. This can start by selecting vendors with the right certifications, such as ISO 9001, 14001 or 14064; making sure they sign and adhere to business codes of conduct such as anti-bribery and conflict material use. You can also actively work with your suppliers and perform regular onsite audits, and to train and help develop their sustainability practices. Last but not least, you can develop a source for performance practice where sustainable vendors are given priority over other suppliers.

Supplier development programs are instrumental to collaborate and convey our company's sustainability values. Just like how our customer share with us sustainability goals and values provide the necessary resources and training to make sure we can meet their requirements, we should pass down the tools and resources to our suppliers the same way. In the current business environment, there are many different ways of benchmarking a company's sustainability practices. By aligning the whole value chain (suppliers, our company, and customers) we can make sure everyone are looking at the same metrics, and are on the same page.

💡 To further enhance collaboration and innovation with suppliers, organizations can establish regular communication channels and forums for sharing insights, challenges, and best practices. Encouraging cross-functional teams comprising representatives from various departments can foster diverse perspectives and creative problem-solving. Additionally, incentivizing sustainability performance through rewards, recognition, or long-term contracts can motivate suppliers to actively engage in collaborative efforts. By integrating sustainability principles into supplier evaluation criteria and performance metrics, organizations can ensure alignment with sustainability goals and drive continuous improvement across the supply chain.

It is crucial for organizations to map their value chain to estimate the actual impacts contributed by the business. When choosing and working with a partner, it is essential to measure their sustainability practices. If one organization takes the lead in aligning with sustainability, it becomes a shared value contribution for both.