‘Responsible sourcing’ refers to companies’ commitment to promote ethical standards and social responsibility when dealing with suppliers. When a product or service is considered responsibly sourced, it means that it was manufactured with attention to health and safety, human rights, and ethical and environmental principles. For instance, it is expected that the workers who manufacture a responsibly sourced product have been working under fair labor practices, and that the product was not made from conflict resources (natural resources that fund violence and armed conflict).
WELCOME TO THE ADEC INNOVATIONS BLOG
This blog combines articles from ADEC ESG Solutions, as well as FirstCarbon Solutions (FCS), an ADEC Innovation.
Ben has worked with numerous UK public and private sector organizations to develop data capture and management systems specifically in the document management arena.
With a bachelor's degree in Business and Economics from the University of East Anglia, Ben helped lead the commercialization of over a dozen Cleantech and Biotech projects up to 2009 via a $3m innovation fund he co-founded for early stage ventures.
Ben is also a qualified GHG Verifier for Projects and Inventories against ISO14065 by the GHG Management Institute.
Transforming Our World Through Impact Assessments
Posted by Ben Wilde on Nov 15, 2016 10:00:00 AMMORE
Reflected in our contemporary way of life are the dire consequences of unabated progress and consumerism. These impacts include climate change, biodiversity loss, corruption, inequalities in opportunities, and mass hunger, to name a few. Understanding our world requires an assessment of the cause and gravity of these impacts.
Maintaining a good relationship with suppliers is important for organizations. How good is your relationship with your suppliers? Suppliers play a significant role in an organization’s supply chain.
From governments and regulatory bodies to companies and consumers, the value of supply chain traceability has become more easily understood. Supply chain traceability is defined as the ability to identify and trace the history, distribution, location and application of products, parts and materials, to ensure the reliability of sustainability claims in the areas of human rights, labor (including health and safety), the environment and anti-corruption. It allows us to verify where resources or materials come from, as well as product quality and authenticity.
Clothing is a basic human need, and the clothing industry is the second most polluting industry in the world. Meeting this global need without jeopardizing the natural resources that drive our supply chains leads us to explore sustainable clothing, which is defined as clothes made from fibers that are the most natural and the least harmful to the environment. Such materials have less environmental impact and lower overall carbon emissions during production.
Conventional wisdom dictates that the goal of businesses is to generate profit — and this goal may come into conflict with objectives such as environmental conservation and responsibly-sourced consumer goods. Impact investing dispels these beliefs by offering opportunities for stakeholders to invest — and, ultimately, profit from — social and environmental solutions.
How green is your logistics? Companies are discovering the value of integrating sustainability in all areas of operations, especially logistics. Logistics, an important part of supply chain management, involves the planning, implementation, and control of the efficient and effective flow and storage of goods, services and related information from Point A to Point B to meet customer requirements.
Going green can be a driver for value and success in business. Companies such as Apple, Adidas, H&M, Levi’s and Marks & Spencer have already started their journey towards a greener supply chain. These companies, along with Panasonic, Walmart, Microsoft, Esquel and Hitachi, are the highest scoring out of 167 brands with the greenest supply chains, according to the Corporate Information Transparency Index (CITI), a system for examining the supply chain methods of brands.
How Tech Companies are Promoting Sustainability
Posted by Ben Wilde on Mar 29, 2016 10:30:00 AMMORE
Tech companies realize that sustainability is a good investment. Sustainability ensures business continuity by conserving resources. A company cannot produce goods and services without sufficient raw materials (e.g., clean water, wood, minerals, etc.). This, in turn, means decreased revenue for the company. In 2014, Unilever CEO Paul Polman declared that climate change-related natural disasters are costing Unilever at least USD300 million a year.
How Sweden Became the World’s Most Sustainable Country: Top 5 Reasons
Posted by Ben Wilde on Jan 12, 2016 2:47:41 PMMORE
Sweden is ranked as the Most Sustainable Country in the World for 2015 according to the Country Sustainability Ranking study. The Scandinavian nation emerged ahead of 59 other countries evaluated on a broad range of Environmental, Social, and Governance (ESG) components, retaining the lead position it secured last year. The Country Sustainability Ranking is based on crucial risk and return drivers important for investors, and consists of 17 indicators that provide insights into the investment risks and opportunities associated with each country.