Supply chain & responsible sourcing

Learn more about how Greenstone enables its clients to align their purchasing practices with their sustainability goals through its software and supporting services.

Supply chains are dynamic. And increasingly, they're complex and global. This means suppliers can come from anywhere in the world and the risks associated with each supplier relationship can differ significantly. This page aims to help organisations plan a strategy and process for the collection, management, analysis and reporting of supplier data.

The focus on managing supply chains more responsibly, or sustainably, is something that is relevant to all current and future procurement and supplier management activities. Sustainability is a key part of the evolution of procurement and therefore needs to be fully understood and implemented.

The Canadian Parliament has recently announced the enactment of Bill S-211, also known as "The Fighting Against Forced Labour and Child Labour in Supply Chains Act". This legislation aims to prevent and reduce the risks of forced labour and child labour in supply chains, with immediate implications for Canadian businesses and importers.

EY recently released a survey on 'Building supply chain sustainability that can drive revenues and reduce operational risks'. This survey of senior supply chain executives shows the need for a holistic and ROI-backed roadmap to meet sustainability performance goals. This is a summary of the key findings.

Here we detail these 5 key steps of the risk journey. For each step, we outline the specific risks the step addresses and practical steps on where to start. This is exactly the way in which we work with our clients during the implementation of our supply chain management software solution SupplierPortal – ensuring we address risk at every stage.

In February 2022, the European Commission issued its proposal for a Directive on Corporate Sustainability Due Diligence (CSDD), aiming to encourage ethical and sustainable business practices throughout all global value chains. These new regulations will provide companies with legal security and increase transparency for investors and consumers.

In this blog, we have summarised one topic that was covered in a recent webinar on the ‘Dynamic ESG landscape & its intersections with sustainable procurement’ – how ESG disclosure impacts procurement teams. Below are 4 key impacts of ESG disclosure and reporting on procurement teams.

Procurement and supply chain management is evolving, and so are the ways businesses interact with their suppliers, manage their relationships with them, and make purchasing decisions.

Investors, customers and employees are also becoming more aware of companies' social responsibilities. They expect that businesses engender positive impacts in relation to DE&I through their policies, processes and behaviours, both within the organisation and throughout including their supply chains.

In this webinar, Greenstone discusses how to start your Scope 3 supply chain emissions journey, the importance of supplier engagement and the tools that we have available to help ensure you have confidence in your supplier data.

In this article, we look at what the short-term impacts of COVID-19 have been on supply chains, how we have seen supplier management practices pivot to face these challenges and what the longer-term outlook might be and what opportunities this represents.

Greenstone has recently updated its supply chain management software solution SupplierPortal with enhanced supplier risk management and corrective action functionality.

Greenstone and Ardea International, a specialist business and human rights consultancy, have partnered to hold a webinar on how to integrate global modern slavery risk into a sustainable procurement strategy.

This 30-minute webinar covers the challenges of engaging a global supply chain, the importance of accurate and up-to-date data. Also topics such as identifying supply chain risk, remediating and resolving risk and finally the importance of on-going risk management.

In this webinar you will learn how businesses are addressing concerns about ethical behaviour in their supply chains. Also, how a code of conduct is a successful way to address those concerns and encourages transparency in a company and its supply chains. Finally, if Supplier Codes of Conduct aren’t legally required, what the incentives are for developing one.