{"id":26157,"date":"2024-11-26T16:05:16","date_gmt":"2024-11-26T08:05:16","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=26157"},"modified":"2025-02-17T16:49:52","modified_gmt":"2025-02-17T08:49:52","slug":"responsible-sourcing","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/tips\/sustainability\/responsible-sourcing\/","title":{"rendered":"Responsible Sourcing at Scale – Steps to Take"},"content":{"rendered":"\t\t
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More organizations are embracing responsible sourcing due to growing popularity of corporate social responsibility (CSR), environmental, social and governance (ESG), sustainability in investment decisions, and consumer demand for ethical and sustainable goods. That said, what exactly is needed to implement the program effectively?\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Responsible Sourcing at Scale: Success Factors<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Responsible sourcing programs cannot occur in a vacuum. They must be incorporated across your entire business to have a real and lasting impact. The conclusions should result in concrete actions that improve the entire business.<\/p>

Responsible sourcing professionals must prove the importance of their initiatives internally.<\/strong> During the program\u2019s development and deployment, it is crucial to keep in mind what data and KPIs provide the most value to internal teams.<\/p>

Gaining internal buy-in generates momentum and builds a sense of ownership throughout the organization. This leads to increased employee pride, the likelihood of success and, crucially, a greater chance of impacting the business\u2019s behavior. Only when global organizations back their commitments with tangible changes can they achieve more sustainable and responsible sourcing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Advocate your responsible sourcing initiatives in order to gain management support!<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Responsible Sourcing Program: 3-Steps Implementation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Follow three steps to develop and implement a successful responsible sourcing program:<\/p>

  1. Define the starting point:<\/strong>\u00a0Responsible sourcing is an ambitious goal. You can prioritize where to begin, given your organization\u2019s resources, capabilities and priorities<\/li>
  2. Determine what data to collect:<\/strong>\u00a0The amount of available supply chain data is virtually limitless. Knowing what data, and from which suppliers, will help you to meet your specific needs<\/li>
  3. Develop a supplier engagement plan:<\/strong>\u00a0Stakeholder participation at all supply chain levels is crucial. Discover the best way to communicate and engage with suppliers to maximize participation<\/li><\/ol>

    Learn More:<\/p>

    Can \u2018Green\u2019 Product Claims Be Trusted?<\/a><\/p>

    While responsible sourcing programs vary according to industry and specific business priorities, the steps provide a road map to help companies establish a solid foundation and maximize the likelihood of success.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Start Sourcing Responsibly!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Implementing an effective responsible sourcing program requires a significant amount of work behind the scenes. Businesses must first translate general sustainability and social responsibility commitments into concrete initiatives, then further break down each initiative into specific data and actionable tasks.<\/p>

    A strong commitment to sustainability and responsible sourcing has been proven to increase revenue and overall business success. As the demand for ethical and sustainable supply chains continues to grow, choosing a trusted sourcing platform with diverse selections of responsibly sourced products is critical to any business.<\/p>

    Kickstart responsible sourcing at scale at hktdc.com Sourcing today:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    This article is originally published by\u00a0SGS<\/a>:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    SGS<\/a> is the world\u2019s leading Testing, Inspection and Certification company. We operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, we combine the precision and accuracy that define Swiss companies to help organizations achieve the highest standards of quality, compliance and sustainability.<\/p>

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    SGS is publicly traded on the SIX Swiss Exchange under the ticker symbol SGSN (ISIN CH0002497458, Reuters SGSN.S, Bloomberg SGSN:SW).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    More organizations are embracing responsible sourcing due to growing popularity of corporate social responsibility (CSR), environmental, social and governance (ESG), sustainability in investment decisions, and … <\/p>\n","protected":false},"author":28,"featured_media":26158,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[363,4,2],"tags":[],"class_list":["post-26157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability","category-tips","category-trend"],"yoast_head":"\nResponsible Sourcing at Scale - Steps to Take - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"More organizations are embracing responsible sourcing due to growing popularity of corporate social responsibility (CSR), environmental, social and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sourcing.hktdc.com\/newsbites\/tips\/sustainability\/responsible-sourcing\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Responsible Sourcing at Scale - 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