Supply chain News and trends

Gen Z population wants brands to prove their sustainability claims, while global regulators now require transparency across all supply chain practice
It’s no secret that supply chain delays and issues have been in the news over the last few months. Supply chains are complicated, and many recent complexities have arisen from a lack of visibility in a highly complex process that involves many stages and stakeholders. 

Brands across the globe have already come to realize that increasing visibility into their supply chains reduces said complexities, in addition to offering major business benefits. Namely, a visible supply chain appeals to a host of new customers in Generation Z (Gen Z) that are putting their wallet where their passions are and investing in brands that represent change. 

Via EcoVadis

Climate change has been getting a lot of attention recently, and for good reason. The latest science shows the risk is manifesting faster and it’s not just fires and floods causing problems. A changing climate will gradually and increasingly impact us all. Science also tells us now is the time to take action for future generations and to ensure business resilience.

This is why Treasury Wine Estates has set an ambitious target of net zero emissions (Scope 1 and 2) by 2030. With 70% of these emissions generated from electricity, we have our sights on achieving 100% renewable electricity across our entire operations by 2024. 

Targets are important for transparency and accountability. But how you achieve those goals is just as valuable.

As an industry with a significant agricultural footprint, there are three key areas wine producers can act on together to support the transition to a low-carbon future.

Via EcoVadis

Gildan Activewear has unveiled new environmental and social sustainability targets, with the firm keen to reduce its carbon emissions, boost its use of ‘preferred fibres’, and better support workers and their communities by 2030.

The company’s strategy comprises five pillars: climate, energy and water; circularity; human capital management; long-term value creation; and transparency and disclosure.

“This next generation strategy will push us to deliver even stronger ESG performance and continue to reinforce Gildan as a leading ethical, sustainable, and efficient apparel company,” said Glenn Chamandy, the business’ president and CEO.

Via EcoVadis

Investors should know how sustainable an investment actually is and be able to understand on what basis the corresponding assessment is based.

Via EcoVadis

Theppadungporn Coconut Company (TCC) — a third-generation, family-owned company that, over the past half-century, has grown into one of Thailand’s leading exporters of popular coconut products including coconut milk, coconut water and more to the United States and dozens of other countries — was confident that its suppliers weren’t using monkey labor. As it turned out, just stating that was not enough — the company had to be able to prove it.

“When we were accused of using monkey labor, we realized that we have to be more transparent — to ensure and show that there is no monkey labor in our supply chain,” Teetiphun Theppadungporn, International Marketing and Sales Manager at TCC, told Sustainable Brands™. He’s referring to a 2019 investigation from PETA Asia, which alleged that one farm producing coconut milk for TCC’s Chaokoh brand was using monkey labor.

Via EcoVadis