11 Facts About Sustainable sourcing

Sustainable sourcing refers to the inclusion of social, environmental, and economic criteria in the sourcing process.

Sustainable sourcing finds its roots in the concept of Corporate Social Responsibility, which gained popularity in the United States in the 1970s and internationally in the 1990s.

Sustainable sourcing can be defined as obtaining the materials, products, and services an organization needs from its suppliers in a manner that is socially and environmentally responsible, while still being economically sound.

Sustainable sourcing requires companies meet high environmental and social standards while continuing to provide good economic value at a competitive cost.

Sustainable sourcing is a growing trend within many industries, as is the utilization of sustainability standards and certifications to promote and measure the progress of sustainable practices.

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Roundtable on Sustainable sourcing Palm Oil is a group that brings together stakeholders from throughout the palm oil industry to develop global sustainability standards for palm oil.

Sustainable sourcing has made commitments to ensuring sustainability within their supply chain, focusing on two main aspects: people and product.

Sustainable sourcing started the Costa Foundation in 2007, which funds schools and school projects in coffee-growing communities.

Sustainable sourcing is a relatively basic concept in theory, but companies face a number of challenges when implementing it.

Sustainable sourcing goes beyond compliance to taking action to improve conditions of sustainability, engaging in areas such as livelihoods, climate-smart practices, and other social, environmental, and economic conditions.

Sustainable sourcing is directly related to SDG 12: Responsible Consumption and Production, and can contribute to achieving a number of the other SDGs including SDG 1: No Poverty, SDG 2: Zero Hunger, SDG 3: Good Health and Well-being, SDG 4: Quality Education, SDG 5: Gender Equality, SDG 8: Decent Work and Economic Growth, SDG 10: Reduced Inequalities, SDG 11: Sustainable Cities and Communities, SDG 13: Climate Action, SDG 14: Life Below Water, and SDG 15: Life on Land.