The Truth Will Out: Supply Chain Management

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The Truth Will Out: Supply Chain Management

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The Truth Will Out: Supply Chain Management http://3bl.me/d2radb (from @CSRHUB) #csrtrends #csr #susty
Wednesday, May 30, 2012 - 12:45pm

CAMPAIGN: The Truth Will Out

CONTENT: Blog

The following post is part of a CSRHub series focusing on 10 trends that are driving corporate transparency and disclosure in the coming year. To follow the discussion of each trend, watch for posts on the CSRHub blog every Wednesday.

By Bahar Gidwani

A company’s supply chain generally controls 60 percent to 70 percent of its costs. Companies that manage their supply chains will perform better because they have lower costs, more flexible product cycles, and/or higher quality products. When a company includes sustainability into its corporate strategy, it may need to also build sustainability into its supply chain strategy.

One of the first groups of companies to realize this fact was retailers. Tesco, WalMart and 91 other major companies and non-governmental organizations (NGOs) formed The Sustainability Consortium(TSC) to help prod their 100,000-plus suppliers to improve their performance on dimensions such as carbon use, water use, recycling, child labor and diversity. (Click here to see a list of the companies in TSC that CSRHub rates.) Sedex, in the UK, has done similar work with a set of 482 companies and more than 25,000 of their suppliers. Industry associations such as the Sustainable Apparel Coalition and theElectronic Industry Citizenship Coalition are also publishing and promoting standards of conduct within their area. NGOs such as Trucost and the Carbon Disclosure Project led pioneering studies that proved that sustainable supply chain management could lead to massive reductions in waste and improved product quality.

To read more on supply chain and sustainability, visit the CSRHub blog>>

Resources

Bahar Gidwani is a Cofounder and CEO of CSRHub. Formerly, he was the CEO of New York-based Index Stock Imagery, Inc, from 1991 through its sale in 2006. He has built and run large technology-based businesses and has experience building a multi-million visitor Web site. Bahar holds a CFA, was a partner at Kidder, Peabody & Co., and worked at McKinsey & Co. Bahar has consulted to both large companies such as Citibank, GE, and Acxiom and a number of smaller software and Web-based companies. He has an MBA (Baker Scholar) from Harvard Business School and a BS in Astronomy and Physics (magna cum laude) from Amherst College. Bahar races sailboats, plays competitive bridge, and is based in New York City.

CSRHub provides access to corporate social responsibility and sustainability ratings and information on nearly 5,000 companies from 135 industries in 65 countries. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices and seek ways to change the world.

CSRHub rates 12 indicators of employee, environment, community and governance performance and flags many special issues. We offer subscribers immediate access to millions of detailed data points from our 140-plus data sources. Our data comes from six socially responsible investing firms, well-known indexes, publications, “best of” or “worst of” lists, NGOs, crowd sources and government agencies. By aggregating and normalizing the information from these sources, CSRHub has created a broad, consistent rating system and a searchable database that links each rating point back to its source.

Keywords: Responsible Business & Employee Engagement | Corporate Social Responsibility | Responsible Business & Employee Engagement | supply chain management | supply chain software | sustainability

CAMPAIGN: The Truth Will Out

CONTENT: Blog

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