Sustainable Procurement News
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Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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EU trade policy

EU trade policy | Sustainable Procurement News | Scoop.it
The European Commission has today set out its trade strategy for the coming years. Reflecting the concept of open strategic autonomy, it builds on the EU's openness to contribute to the economic recovery through support for the green and digital transformations, as well as a renewed focus on strengthening multilateralism and reforming global trade rules to ensure that they are fair and sustainable. Where necessary, the EU will take a more assertive stance in defending its interests and values, including through new tools.

Addressing one of the biggest challenges of our time and responding to the expectations of its citizens, the Commission is putting sustainability at the heart of its new trade strategy, supporting the fundamental transformation of its economy to a climate-neutral one. The strategy includes a series of headline actions that focus on delivering stronger global trading rules and contributing to the EU's economic recovery.
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Australian cotton traceability and sustainability

Australian cotton traceability and sustainability | Sustainable Procurement News | Scoop.it
Over the past 10 years, the natural fibre market has seen a marked improvement in the demand for sustainably produced fibres. This is becoming more critical as legislation forces companies to report on the source of their raw materials and the conditions under which their product is produced.

Commercial business decisions are being heavily influenced by consumer sentiment conveyed through social media. It would be nice to think retailers make decisions in order to do the right and ethical thing, but businesses are changing their behaviour because negative behaviour can be easily identified and Tweeted, Insta'ed, WhatsApped.
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TAZO, SZA Partner to Bring Climate Justice to Most Impacted US Communities

TAZO, SZA Partner to Bring Climate Justice to Most Impacted US Communities | Sustainable Procurement News | Scoop.it
The TAZO Tree Corps will work with American Forests to help bring cleaner air and combat climate change in communities of color across the US, by increasing ‘tree equity.’
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30+ Fashion Brands, Manufacturers Collaborating to Recycle Textile Waste in Bangladesh

30+ Fashion Brands, Manufacturers Collaborating to Recycle Textile Waste in Bangladesh | Sustainable Procurement News | Scoop.it
The Global Fashion Agenda's Circular Fashion Partnership (CFP) aims to achieve a long-term, scalable transition to a circular fashion system; beginning in the heart of fast-fashion production, Bangladesh.
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CDP: Almost 10,000 companies worldwide disclosed environmental data in 2020

CDP: Almost 10,000 companies worldwide disclosed environmental data in 2020 | Sustainable Procurement News | Scoop.it
Non-profit hails record year for climate, deforestation, and water risk reporting, as investor-backed group eyes plans to cover land and ocean data

Record numbers of companies, cities, states, and regions have reported their climate change, water security, and deforestation data to CDP in 2020, despite the disruption caused to the global econom
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Nestlé targets regenerative agriculture in €3bn climate plan

Nestlé targets regenerative agriculture in €3bn climate plan | Sustainable Procurement News | Scoop.it
Food and drink giant's roadmap includes major focus on scaling up regenerative agriculture across supply chains worldwide as it sets sights on net zero emissions by 2050

Nestlé has today unveiled a multi-billion pound plan to deliver on its science-aligned climate goals over the next decade, with a major focus on scaling up regenerative agriculture techniques, rolling out renewable electricity for its operations, and expanding its plant-based food and drink offerings.
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Global coffee players brew up 2050 climate plan to slash 1.5 gigatonnes of CO2

Global coffee players brew up 2050 climate plan to slash 1.5 gigatonnes of CO2 | Sustainable Procurement News | Scoop.it
Starbucks, Walmart, McDonalds and Nescafe among more than 150 coffee retailers and producers to join collective pledge to invest in forestry protection and smallholder farm efficiency

A global coalition of over 150 major coffee producers, traders, roasters, and retailers have collectively pledged to slash their CO2 emissions by "at least" 1.5 gigatonnes by mid-century, unveiling
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British public 'overwhelmingly' backs robust supply chain deforestation laws

British public 'overwhelmingly' backs robust supply chain deforestation laws | Sustainable Procurement News | Scoop.it

WWF calls on government to set legally-binding target to eradicate both legal and illegal deforestation from UK supply chains

The government and businesses are facing growing pressure to strengthen efforts to eradicate deforestation from UK supply chains, after a new YouGov survey revealed more than three-quarters of the public ..

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BNP Paribas strengthens policy on beef and soy-driven deforestation in Brazil

BNP Paribas strengthens policy on beef and soy-driven deforestation in Brazil | Sustainable Procurement News | Scoop.it

The French bank has set a deadline of 2025 for its clients in Brazil to achieve zero deforestation and full traceability in their production and supply chains

French banking giant BNP Paribas today announced a new policy intended to help tackle the role of soy and beef production in driving deforestation in Brazil, including a commitment to immediately ...

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Moody's forecasts one in 10 bonds issued in 2021 could carry green, sustainable, or social labels

Moody's forecasts one in 10 bonds issued in 2021 could carry green, sustainable, or social labels | Sustainable Procurement News | Scoop.it

Sustainability-linked bonds singled out as major growth engine in sustainable debt market by the US credit ratings agency and European bank SEB

Moody's has predicted that global issuance of sustainable bonds will grow 32 per cent in 2021 to hit a record $650bn, as companies raise debt to finance their climate plans and the policy framework

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UK science and finance working together to green global finance

Dr Ben Caldecott, director of the new UK Centre for Greening Finance and Investment (CGFI), explains why good climate and environmental data is crucial for greening global finance

The availability of good climate and environmental data is a necessary condition for greening global finance. Armed with better information, financial institutions around the world will be muc
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Aftermath, or Prelude? Six Predictions and Prognostications Impacting Sustainable Business in 2021

Aftermath, or Prelude? Six Predictions and Prognostications Impacting Sustainable Business in 2021 | Sustainable Procurement News | Scoop.it
As we prepare to say goodbye to 2020 and welcome 2021 with open arms, we have been thinking about the major sustainability trends and advancements we expect to see in the coming months. While the coronavirus crisis continues to unfold, the spotlight intensifies on the pressing need to revamp sustainability efforts in the supply chain, and the new year provides a perfect time to do so. To put it simply, there is a lot of work to be done -- so we broke down what we predict to see in 2021.
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Can Emerging Technologies Provide a Sustainable Way to Tackle Deforestation?

Can Emerging Technologies Provide a Sustainable Way to Tackle Deforestation? | Sustainable Procurement News | Scoop.it
Emerging technologies offer some fascinating possibilities for fighting climate change, but the benefits go even further in many cases. For instance, research from PwC found that using AI in environment management applications such as clean energy grids, precision agriculture, and predictive weather and disasters could contribute over $5 trillion to the economy by 2030. 
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[Infographic] How Samsung’s 2021 TVs Contribute to Eco-Friendly Efforts for a Sustainable Future 

[Infographic] How Samsung’s 2021 TVs Contribute to Eco-Friendly Efforts for a Sustainable Future  | Sustainable Procurement News | Scoop.it

Samsung’s First Look event, held virtually on January 6th, saw the company affirm its commitment to pursuing accessibility, sustainability and innovation in all its latest products and technologies to help redefine the role of the television in consumers’ homes.

 Samsung has embarked on a sustainability journey that puts the environment first in all business operations with several long-term sustainability programs that include sustainable packaging design, solar cell-powered remote controls and the reduction of carbon footprints through the use of recycled materials.

Take a look at the infographic below to learn more about Samsung’s commitment to a sustainable future through its eco-friendly visual display products and processes.

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European Commission adopts Chemicals Strategy for Sustainability under European Green Deal

European Commission adopts Chemicals Strategy for Sustainability under European Green Deal | Sustainable Procurement News | Scoop.it
The European Commission (EC) has adopted a Chemicals Strategy for Sustainability to further strengthen protection of human and environmental health, including a phase out of the most harmful substances and simplification of the risk assessment process.
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Corporate Political Responsibility: The Missing Link in Companies’ ESG Strategies

Corporate Political Responsibility: The Missing Link in Companies’ ESG Strategies | Sustainable Procurement News | Scoop.it
The disconnect between many companies’ public sustainability ambitions and their non-public lobbying efforts can no longer be excused. The Erb Institute’s Corporate Political Responsibility Taskforce is helping companies connect the dots.
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UN offers science-based blueprint to tackle climate crisis, biodiversity loss and pollution

UN offers science-based blueprint to tackle climate crisis, biodiversity loss and pollution | Sustainable Procurement News | Scoop.it
According to the UNEP report, the world can tackle the climate, biodiversity and pollution crises together, but the UN chief said that these interlinked crises require “urgent action from the whole of society”. 

Noting that some two-thirds of global CO2 emissions are linked to households, he underscored that “people’s choices matter”.  

He explained that “we are overexploiting and degrading the environment on land and sea. The atmosphere and the oceans have become dumping grounds for our waste. And governments are still paying more to exploit nature than to protect it”. 
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Food firms neglecting supply chain climate resilience, CDP warns

Food firms neglecting supply chain climate resilience, CDP warns | Sustainable Procurement News | Scoop.it

Companies are chasing profits from product innovations such as plant-based meat but failing to invest in supply chain resilience, study finds

Leading companies operating in the global food supply chain are underestimating key environmental risks, proritising small-scale product innovations while ignoring opportunities to create a more ...

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Asset managers and index providers urged to end ETF market's financing of deforestation

Asset managers and index providers urged to end ETF market's financing of deforestation | Sustainable Procurement News | Scoop.it

New report from Planet Tracker warns booming ETF market is supporting soybean companies driving mass deforestation in Brazil, Indonesia, and the Democratic Republic of the Congo (DRC)

Investors engaged in the exchange traded funds (ETFs) market are indirectly and often unknowingly enabling the destruction of tropical forests, and as such the small clutch of companies that dominate ...

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Boris Johnson unveils £3bn climate finance push to help safeguard global biodiversity

Boris Johnson unveils £3bn climate finance push to help safeguard global biodiversity | Sustainable Procurement News | Scoop.it
Commitment to help protect land and ocean ecosystems that are critical to combating climate change will be announced by Prime Minister at today's One Planet Summit

The UK will commit at least £3bn to climate change solutions that protect and restore nature over the next five years and launch a new push to support green energy projects in developing countries
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Seven commodities continue to fuel the destruction of the world's forests - how can they be stopped?

Seven commodities continue to fuel the destruction of the world's forests - how can they be stopped? | Sustainable Procurement News | Scoop.it
A new analysis by WRI has calculated the precise role of seven major agricultural commodities in driving global tree cover loss, but what can be done to turn back the tide?

The world's forests are vanishing at a breakneck speed, fuelling climate change and decimating biodiversity. Now a comprehensive new study identifies the key culprits behind much of this destruction
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Has Covid-19 changed the conversation around sustainable investing?

Has Covid-19 changed the conversation around sustainable investing? | Sustainable Procurement News | Scoop.it
Schroders investment experts explain what impact the pandemic has had on sustainable investing and what it means for the future

Sustainable investing is not just about a company's financial success, but how it achieves that success. The importance of considering all stakeholders is intrinsic to the approach.

Those stakeholders range from employees to shareholders to wider society. The Covid-19 pandemic has shone a spotlight on how companies treat their employees, protect their customers, and help guide their suppliers through a time of crisis.
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As BlackRock calls for full CO2 footprint disclosure, is investor pressure starting to take its toll on polluters?

As BlackRock calls for full CO2 footprint disclosure, is investor pressure starting to take its toll on polluters? | Sustainable Procurement News | Scoop.it

World's biggest asset manager urges firms to set rigorous decarbonisation goals or risk being voted against at board meetings as it sets out shareholder expectations for 2021

BlackRock has told 1,000 of the biggest polluters in its portfolio to publicly disclose emissions right across their core businesses and wider value chain alongside "rigorous" decarbonisation

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Shareholder advisor ISS embeds climate risk into global voting guidelines

Shareholder advisor ISS embeds climate risk into global voting guidelines | Sustainable Procurement News | Scoop.it
World’s largest proxy advising firm has updated its guidelines for fund managers to vote against board members who fail to account for climate risk
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EcoVadis’ New Report Measures Environmental and Social Impacts of Corporate Sustainability Programs

EcoVadis’ New Report Measures Environmental and Social Impacts of Corporate Sustainability Programs | Sustainable Procurement News | Scoop.it
The report details how EcoVadis enables buying organizations to create a positive impact with every unit of procurement spend they allocate to contracts with sustainable suppliers, thereby creating and amplifying impact across global value chains and the communities they support. Suppliers are empowered to monitor and improve the sustainability practices within their organization and across their own suppliers, further cascading responsible practices upstream in supply chains. 
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