SUSTAINABILITY
the increasing significance of sustainability and data security .
He highlights the telecom company Swisscom , which is actively working with its supply chains to achieve net-zero emissions , which is integral to its business identity .
“ Ensuring no supplier is overlooked is crucial in this work ,” Graham adds .
“ Working with epi Consulting , its supplier development programme has significantly improved suppliers ’ working conditions and has led to meaningful reductions in overtime , accidents , defects and energy consumption , while also boosting productivity .”
Upholding integrity : Strategies to ensure supplier compliance While the code of conduct is vital , it can only be seen to be making its maximum impact if the supplier adheres to it . By enforcing the code , companies demonstrate their commitment to responsible business practices , promote sustainability and comply with legal and regulatory requirements . This not only safeguards the company ’ s reputation but also contributes to a more ethical and sustainable supply chain .
Kim discusses enforcement , which is where the code can come unstuck , highlighting the good practice of having suppliers confirm their commitment by signing the code and tying the code to the supplier ’ s contract so that any breach of the code directly correlates with a breach of contract .
“ It is equally important to monitor and review your supplier ’ s performance against the code ,” she says . “ It can involve establishing related KPIs , supplier audits , surveys and reports to collect and analyse data on supplier adherence . Additional strategies to encourage adherence include putting sanctions in place for breaches and offering a way for others to report breaches through a whistleblowing process .”
Stuart focuses on communication and integration , such as providing training materials and actively communicating regarding any questions . He also says that integrating the code into your supplier onboarding process can help set expectations immediately .
166 August 2024