Read the full story in Sustainable Brands.
There is now an international standard to guide sustainable procurement. ISO 20400 lays tracks for a sustainable economy. As a member of the Canadian technical committee that advised on the standard, I can confirm it is a robust, comprehensive, and highly ambitious framework. Supply management teams should benchmark their own practices against this guidance.
Another handy sustainable supply chain tool is the Best Practice Framework for Sustainable Procurement. This tool profiles next-generation sustainable procurement practices such as Risk, Opportunity and Innovation; Supplier Engagement; and Buyer Collaboration as top strategies to proactively identify transition opportunities.