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31 Oct 14

An introduction to the Dow Jones Sustainability Index (DJSI)

DowJonesSustainabilityThe Dow Jones Sustainability Index (DJSI) is a family of indices that have a strong focus on stock performance and serve as a key benchmark of investors who consider sustainability as part of their portfolio risk assessments.

Reporting Guidance

24 Oct 14

Should your organisation be reporting against ISO 26000?

Since 1947, the International Organization for Standardisation (ISO) has published more than 19,500 International Standards covering a huge breadth of aspects of technology and business. Published by ISO in 2010, the ISO 26000 is a voluntary purchased framework that any type of organisation can use as a tool for improved social responsibility. A series of Core Subjects are covered in the standard and the framework is intended to provide guidance on the actions and expectation for organisations to address in each topic.

Reporting Guidance

21 Oct 14

How well do you understand the risks in your supply chain?

In the past few years the sustainability landscape has shifted. Previously, organisations were primarily focused on getting their own house in order, so looking at their own emissions, their own impacts and what their employees were doing. As organisations have matured, they're definitely starting to look  further into their supply chain. Now, they're looking beyond their front doorstep to the wider boundaries of reporting and evaluating what their suppliers are doing.

Supplier Management

17 Oct 14

Who’s reading your CDP scores?

The primary focus of CDP is the reporting of environmental information, particularly greenhouse gas (GHG) emissions, with CDP referring to themselves as a “global system for companies and cities to measure, disclose, manage and share vital environmental information”. Over 750 investors (representing US$92 trillion in assets) work with CDP to assess the risks within their investment portfolios.

Originally set up as the Carbon Disclosure Project, CDP now has broader reporting standards for water, forestry, cities and supply chain issues alongside its annual climate change program but is still focused on providing information for investors.

Reporting Guidance

15 Oct 14

How are you complying with the supply chain aspects within GRI G4?

If you're reporting against GRI, then you know you’re going to have to answer questions specifically on your supply chain. In fact, the increased focus on supply chain disclosure is one the key aspects of the GRI G4 guidelines, ensuring a more holistic approach to the overall sustainability performance of a company.

There are questions dotted throughout the GRI on suppliers and supply chains. This includes sections on labour, human rights, society, environment, and then there are also procurement practice questions. For companies to comply with GRI G4’s supply chain aspects robustly they need to be confident that they can gather and analyse all of their supplier data.

GRI G4 , Supplier Management

13 Oct 14

How can online tools help you focus on suppliers that really matter

It’s impractical and unrealistic to expect buyers to use a manual process for managing supplier information requests. Asking all of your suppliers to complete an anti-bribery or working conditions questionnaire by email and spreadsheets is not efficient and for organisations with thousands of suppliers it is impossible; the administrative overheads are too great. It’s why organisations typically focus on just the suppliers they knew well already but it means there are potentially many gaps in the supply chain which go unnoticed.

With an online process, there is no reason why you can’t ask everyone the same set of core compliance questions and then go deeper on those suppliers that are material to your organisation.

Supplier Relationships , Supplier Management

10 Oct 14

Should your organisation be considering Integrated Reporting?

Integrated Reporting <IR> is the process of producing a concise report on how an organisation’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term. <IR> brings together reporting on financial, environmental, social and governance information in a manner that is clear, concise, consistent and comparable. 

The global authority on <IR> is the International Integrated Reporting Council (IIRC), whose aim is to enable <IR> to be embedded into mainstream business practice in the public and private sectors.

Reporting Guidance

8 Oct 14

Why use an online process to collect supplier questionnaire responses?

For many organisations, collecting survey information from suppliers relies on a manual process. This typically means suppliers will be emailed a questionnaire form that they then fill in, sign, and then scan and send back via email.

With this manual process, buyers are spending a lot of time collecting the information, chasing out responses and trying to make sure that the questionnaire is completed. For many, it takes up so much of their time, that they can't then spend any more time focusing on the analysis side. This means there is no real understanding of what is really happening with their suppliers and limits the opportunities to identify areas of risk in the supply chain.

Supplier Relationships

7 Oct 14

Putting a value on Natural Capital: the why and how

The scale of valuing Natural Capital as part of a sustainability reporting process could range from thinking about the suppliers selected to a structured accounting approach that seeks to quantify non-financial impacts with the same rigour as financial impacts. Using either approach, these assessments should feed into a high-level strategy of engraining sustainability in the operations, products and geographies of the business. Puma’s Environmental Profit & Loss (E P&L) Report is a high profile example of the financial accountancy approach to valuing Natural Capital[1].

Natural Capital

3 Oct 14

What the Modern Slavery Bill could mean for managing supplier relationships?

The Modern Slavery Bill is expected to be debated in Parliament before the end of 2014 and is expected to become law before the 2015 General Election.  If passed, it is expected to grant courts in England and Wales new powers to protect individuals who are trafficked into and within the UK, held against their will and forced to work. 

For companies, the Modern Slavery Bill could result in a real change to the way they are expected to report on modern slavery in their supply chain.

Modern Slavery

3 Oct 14

The UN Global Compact: ten principles explained

Signing up to The United National Global Compact (UNGC) commits a company to Ten Guiding Principles on human rights, labour, environment and anti-corruption. It specifically commits the executive leader of an organisation and is therefore seen as an important public, top-down commitment to sustainability and better corporate citizenship.

Reporting Guidance