Eurostar is the only high-speed railway service connecting London with Avignon, Brussels, Lille, Lyon, Marseille and Paris. All its trains traverse the Channel Tunnel between the United Kingdom and France. Since it started in 1994, Eurostar has carried over 150 million passengers across the Channel.
The challenge
As a business working across a range of destinations for over twenty years, Eurostar has always had a strong sense of responsibility to the environment and the communities in which it operates.
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Greenstone is updating its SupplierPortal software to make it even easier for clients to manage their suppliers. We have listened to client feedback and seen the increasing need for all-encompassing supplier management processes and software.
The result is the introduction of more ‘Buyer’ (client) functionality, which will ensure that all suppliers and contracts can be managed in one place, and a risk-based approach can be applied to the gathering and analysis of specific supplier information.
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This article was recently published on Environmental Leader.
Environmental managers and chief sustainability officers are increasingly looking to their supply chains to conserve natural resources and reduce carbon emissions.
Considering supply chains are responsible for up to four times the greenhouse gas emissions of a company’s direct operations and many suppliers operate in water-stressed areas of the globe, this makes sense from an environmental savings standpoint.
To this end, we’ve seen major corporations like Apple push for more rigorous environmental standards and renewable energy use across its supply chain — and publish regular supply chain audit reports detailing suppliers’ progress — and Nike creating an entirely new apparel supply chain company that will “embed sustainability and transparency into the business.”
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In the current non-financial reporting landscape there is a heightened focus on understanding your supply chain. As a result, organisations are increasingly evaluating the performance of their suppliers against a wide spectrum of non-financial criteria and monitoring the associated risks.
In order to better understand what is driving this behaviour and how companies are identifying and mitigating supply chain risk, Greenstone conducted the State of Supplier Management 2016 survey.
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An interview with Eurostar’s Luke Ervine, Head of Environment & Energy
What has Eurostar’s sustainability journey looked like to date?
Our journey started in 2006 when we commissioned independent research into the carbon footprint of our passenger journeys. This study revealed that traveling to our core destinations using high speed rail is more carbon efficient than travelling by air.
However, for Eurostar, being more carbon efficient than our competitors wasn’t enough. So in April 2007 we launched our Tread Lightly Sustainability programme to reduce our impact on the environment and improve our environmental and energy performance.
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Last week, a group of Greenstone’s clients, partners and business associates came together for Greenstone’s Supplier Engagement Forum. The event, where participants met to discuss latest issues and solutions in supplier engagement, was very well attended and we were delighted by the feedback received.
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Your organisation may already be collecting supplier information offline, for example through a spreadsheet or survey, so what are the key benefits of moving this activity online and what should you consider before doing so?
What are the main benefits of moving to an online process?
• Instant global scalability, enabling 100% supplier coverage
• Easy visibility of supplier compliance and risk
• Save time and cost associated with collection and management of large quantities of information
• Enable detailed analysis to ensure information is meaningful
• Consolidate all supplier information requirements in one place
• Access supplier information at the touch of a button
• Improve compliance through making process efficient and user friendly for suppliers
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Greenstone's Head of Client Services, David Wynn attended the annual Greenbiz Conference in Phoenix (17th-19th February 2015). In this blog series he reflects on some of the key trends from the event.
“Save our planet! It's the only one with coffee” was Jim Hanna at Starbuck’s closing quip at Greenbiz Forum 2015. As Director of Environmental Affairs for the coffee giant, his ‘one great idea’ pitch was scaling sustainable innovation. And with over 12,000 global stores that’s no easy challenge. The challenge of engaging with suppliers at scale is twofold. How do you engage suppliers on environmental issues? But even more challengingly, how do you engage suppliers on environmental issues that span interconnected and dependant supply chain processes?
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Companies are increasingly discovering that environmental and energy-related supply chain risks are both significant and material to their short and long term operational prosperity. With such issues now an everyday topic of conversation, the need to ensure environmental supplier compliance is becoming a central part of business strategy.
Supplier Data
When it comes to managing relationships with suppliers, businesses are under increasing pressure. Why has this come about? Partially it’s because of evolving standards and legislative requirements related to human rights, social inequality and safeguards for consumers (amongst other factors). These require businesses to be proactive with their suppliers, to ensure compliance.
Alongside this, there is a rising numbers of online commentators, who are using social media, blogging and video to highlight any apparent success or otherwise. While businesses were once less visible, this modern network of influencers means the need for transparency is growing. Now, more than ever, organisations need to understand how the expectations of supplier management are changing, so they can meet and exceed them.
The influence of environmental factors on supplier relationships
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