We are delighted to share with our Ambassador Community that the SPP has been featured in the WEF White Paper discussing the state of play on supply chain sustainability, corporate trends and government policies. It includes interviews with business sustainability champions to understand key trends and garner views on a rapidly evolving policy landscape.
The paper discusses the new proposal by the EU Commission for a directive on corporate sustainability due diligence. This directive could be a game changer for how procurement and supply chains operate, requiring meaningful action to be taken to identify, prevent, end or mitigate adverse impacts of their activities on human rights and the environment.
Philips is sighted as an example of how companies are now moving toward more strategic capacity building programmes with their suppliers. Philips created a Supplier Sustainability Performance (SSP) programme, and believes that collaboration is key to identifying sustainability improvements. Check out our SPP Ambassador Insights Interview with Dylan McNeill, Director, Supplier Sustainability, of Philips and this article on Philips’ approach to segmenting suppliers to manage sustainability performance.
Among many other points, cooperation is cited as an important catalyst for positive action. Highlights include examples of cooperation between competitors within a same industry, between clients and suppliers, policymakers and businesses, between technology platforms and more.
The document will be used to drive discussion in a number of sessions at the World Economic Forum Annual Meeting in Davos, including Human-Centred Trade (on 24 May) and Accelerating Sustainable Value Chains (on 25 May). Check out their website for more details.