World’s Biggest Brands Making Measurable Progress Toward Sustainable Supply Chains
When Oxfam launched its Behind the Brands campaign geared at raising awareness about sustainability practices used by the world’s biggest corporations in 2013, they called on the brands to improve the environmental and social standards of their supply chains. Just three years later, some of the firms have already made tremendous progress, and others are being encouraged to join their ranks.
Scoring took into account the practices involved in gender equality, living wages, rights of farmers, land rights, transparency, water resource management and climate change.
At the top of the leaderboard is Unilever, which was been given a score of 74 percent. Nestle took second place with 69 percent, while Coca-Cola earned third place with 57 percent. Rounding out the top five were Kellogg’s in fourth with 53 percent and a two-way tie for fifth between Mars and PepsiCo with 49 percent each.
A score of 41 percent was enough to nab Mondelez International seventh place, while General Mills locked up eighth with its 40 percent score. Ninth place was a tie between Associated British Foods and Danone, both of which managed 36 percent.
Long Road To Global Supply Chain Sustainability
In order to remain sustainable, a lot more needs to be done. For example, instructing suppliers to work with small-scale farmers, setting ambitious emissions targets, and changing commodity sources can all help. Supply chain visibility also needs to be improved. Collaboration not only throughout a company but also with distributors, customers and suppliers plays a vital role in this process.
Some firms are investing millions of dollars into their sustainability practices to provide them with the ability to evaluate decisions about trade-offs in a timely fashion and assess data in real time to find the best balance.