Interactions
Responsible sourcing & production
- Strategy and policy
Strategy and policy
- Strategy captures the company’s overall aspirations and should be regularly benchmarked internally and externally.
- Policies set out responsible sourcing commitments and should reflect the ESG aspirations of the company and the expectations of customers, investors, shareholders, staff and other stakeholders.
- Understand the supply base
Understand the supply base
- Traceability: mapping supply base to understand where production is happening, and which producers /suppliers are involved
- Risk assessment: understanding the risk that commitments not being met places in the supply base
- Plan interventions
Plan interventions
To address risks and support positive impacts:
- Plan: Approaches, implementation, KPIs, budget, resources, monitoring and verification
- Prioritisation of action across whole supply base
- Collaboration and alignment: to achieve scale and maximise positive impact
- Engage within and beyond supply chains
Engage within and beyond supply chains
Implement planned actions for volumes, suppliers, landscapes and across the sector:
- Within supply chains: to ensure volumes deliver on policy commitments and suppliers are engaged
- Beyond supply chains: to address issues that can’t be addressed within individual supply chains
- Monitoring and reporting
Monitoring and reporting
Recognise the importance of monitoring progress to ensure actions are effective and progress (or lack of it) is understood:
- Internal monitoring: regular reviews that inform revisions to the strategy and action plan where needed
- Transparency: progress shared publicly to allow all stakeholders to understand and monitor progress
