How sustainability regulators like DJSI and the GRI, and rating agencies like Ecovadis can support your sustainability performance
The DJSI (Down Jones Sustainability Index) is used in various sectors to show and measure in an independent way the leaders and runners up in sustainability in the respective industries, wether it is Solvay, Clariant, Unilever, Philips, KLM/AirFrance etc.
The GRI, the Global Reporting Initiative now 4.0., describes similar to the DJSI the roadmap on sustainability that is expected from companies. It can be seen as the sustainability accounting principles for companies. Companies develop a multi year roadmap on the various aspects like water, emissions, renewable energy, sustainable products, collaboration in society and diversity. As a rule of thumb it can be stated that the GRI is used by the vast majority of the Fortune 500 companies and many many others.
Ecovadis as an independent rating agency for sustainability is used by ten thousands of suppliers and customers. It has become a leading agency for instance in the chemical industry. Via their toolkit of instruments a supplier network can be ranked and rated following objective criteria.
Over the years it can be concluded that sustainability drives “first time right”, continuous improvement and supplier quality management. If one looks at an S-curve in developing Sustainable Supply Chains for a company, supporting the business and value proposition to customers, then it is justified to say that all of this supports the competitive edge for the company. It differentiates services to the customer, makes security of supply more robust and makes quality assurance fully transparent.
Last but not least in living sustainability and rating it, diversity and inclusion play a pivotal role. Diverse people and combinations thereof make great teams and companies.
Ton Geurts, Senior Executive Sustainable Supply Chains, Change Management, Coach