Corporate Procurement Officers Say Sustainability Now Key Criteria For Purchases

Read the full story at Ecosystem Marketplace.

More and more companies are incorporating sustainability criteria into their procurement activities, according to new research released February 7.

The 2017 Sustainable Procurement Barometer, published jointly by Paris-based sustainability consultancy EcoVadis, and the Hautes études commerciales de Paris (HEC Paris) business school, is the first Barometer report since 2013, and it shows a sharp increase in sustainability awareness. The findings echo those of the Forest Trends Supply Change project, which shows steadily increasing corporate action to halt deforestation.

Sustainable Procurement Increases Revenue Growth, Study Says

Read the full story in Environmental Leader.

Fifty percent of sustainable procurement leaders increased their revenue from sustainability initiatives, a 33 percent increase over non-leaders, according to the results of the latest EcoVadis/HEC Sustainable Procurement Barometer.

The research, which was compiled through a survey of 120 supply chain professionals globally, found that almost all organizations (97 percent) place a high level of importance on sustainable procurement. This continues the upward trajectory of previous years, illustrating how established the field has become in less than 10 years’ time, EcoVadis says.

Is your sustainable supply chain program really as good as you think?

Read the full story in GreenBiz.

While the principle of having a sustainable supply chain program is clear and widely accepted, there is still a lack of consensus on the practice. Notwithstanding the forthcoming launch of the ISO 20400 standard on sustainable procurement, there exists no globally accepted framework for what constitutes good practice, although there are frameworks for labor rights through the ILO fundamental principles and core conventions, human rights through the U.N. Guiding Principles on Business and Human Rights, and, now, climate change through the Paris Agreement.

Certification Helps Printing Facilities Cut Operational Expenses

Read the full story at Environmental Leader.

Environmental best practices such as recycling and reducing emissions can also help printing facilities cut their operating expenses, according to the Sustainable Green Printing Partnership (SGP).

HP, Philips help supply chains scrub 434 million tons of CO2

Read the full story from GreenBiz.

Big corporate buyers are driving a sea change in climate action throughout the world’s industrial supply chain, according to a new report released by the Carbon Disclosure Project (CDP).

Target Posts Chemical Policy. Will Other Retailers Follow Suit?

Read the full story from Environmental Leader.

Target has published a new chemical strategy and policy that it says will apply across its operations and to every product it sells. The retailer also set a goal to invest up to $5 million in “green chemistry” by 2022 and challenged the industry to follow its example.

Why Walmart’s $250 Billion Pledge Will Make US Manufacturing More Sustainable

Read the full story in Environmental Leader.

The Walmart US Manufacturing Innovation Fund has invested about $3 million in projects that aim to make domestic manufacturing more cost-effective and sustainable, bringing its grants awarded total to $10 million.

The fund, which launched in 2014, is a collaboration between Walmart, the Walmart Foundation and the United States Conference of Mayors. It focuses on making it both easier and more competitive to manufacture household goods in the US. It’s also part of the retail giant’s larger commitment to invest $250 billion in American manufacturing by 2023.