Supply chains comprise more than 80% of most companies’ environmental impacts. As a result, supply chain efforts are critical to effective sustainability programs, but can be difficult to address as upstream suppliers are often outside of a company’s influence.
Drivers for tackling this challenge reach beyond addressing critical sustainability impacts; there is business value to be gained – 40% of companies surveyed in 2016 achieved over $1 million from supply chain cost savings and risk reduction in one year from their programs.
Anheuser-Busch InBev, noted “Our company’s programs are delivering efficiencies from the farm through to logistics, reducing risk and improving resilience for the farmer and our company.”
CDP found that leaders have greater supply chain engagement contributing to their 67% higher return on equity and 50% lower volatility of earnings, among other enhanced business value.
Further, a notable bonus from supply chain engagement is its ripple effect. Walmart is the leading retailer influencing investment in sustainability because of its supply chain efforts. This is a multiplier for the number of organizations addressing environmental and social issues in their supply chains. Each company that engages with its supply chain has a similar cascading impact.
With a significant pay-off from investing in sustainable supply chain engagement, how can companies successfully join with supply chain partners to address priority issues across the supply chain? What tools and strategies are most effective? How can companies expand their reach and ensure they are driving meaningful outcomes? How do leaders measure success?
Join us at the Pure Strategies Workshop on Advancing Sustainable Supply Chains to learn more.
To help companies answer these questions and build and improve their programs, Pure Strategies is offering a June workshop that will explore best practices in sustainable sourcing and supply chain engagement.
The workshop is designed for those leading sustainability or with responsibilities in sustainable sourcing/supplier engagement programs and will foster peer-to-peer learning through activities and small group discussions. Participants will explore tools and approaches to engaging suppliers in key areas such as scope 3 greenhouse gas emissions, sustainable agricultural production, and chemicals. The program will offer an opportunity to learn from leading approaches that expand program reach, measure impact, and generate business value.
Date/Time/Location: June 13, 2017: 10:00 AM – 2:30 PM EDT in Belmont, MA.
Companies interested in joining us can learn more and register by contacting Cheryl Baldwin.
