Hold Supply

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Hold Supply Sustainability Actions

Supplier ESG selection

During supplier selection, companies should apply appropriate procedures and use suitable metrics to select suppliers that align with the company’s ESG policies and broader values. Suppliers’ ESG performance should also be monitored over time.

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Track ESG supply chain metrics

Monitoring ESG supply chain metrics, which may range from greenhouse gas emissions and waste reduction to product safety and labor policies, is key when it comes to managing risk and evaluating the sustainability of a company’s supply chain.

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Digital supply chain management

Adopting a digital supply chain management platform makes it easier for companies to gain oversight across the entire supply chain, track supply chain activities, measure performance against targets, and identify risks.

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Inventory management strategy

Businesses that hold too much inventory needlessly use resources to source, produce, store, and transport items that might not even be sold. By using an appropriate inventory system compliant with ESG principles – for example, by adopting a just-in-time approach to inventory management – businesses will be better placed to minimize excess inventory and avoid wasting resources.

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Supplier code of conduct

Companies are developing and enforcing codes of conduct for suppliers that outline expectations for labor practices, including fair wages, working hours and health and safety standards.

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Auditing and monitoring

Regular audits and monitoring of suppliers' labor practices are essential to ensure compliance with codes of conduct. Third-party auditors can help identify non-compliance and suggest corrective actions, while ongoing monitoring can ensure that improvements are maintained over time.

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Due diligence and risk assessment

Companies can implement robust due diligence processes to identify and assess the risk of slavery and human trafficking in their supply chains.

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