1. Home
  2. /
  3. Csr Sustainability
  4. /
  5. Committing to Sustainability with responsible sourcing

Committing to Sustainability with responsible sourcing

Posted By :
Committing to Sustainability with Responsible Sourcing | STL Tech

Do you know that emissions from many of the end products account for 80% of the total carbon emissions? A majority of these emissions occur through the supply chain due to energy usage and industrial processes.

Incorporating value-driven sustainable practices into sourcing and procurement operations has never been more compelling. Securing a sustainable supply chain is fundamental to the future growth of business and achieving a positive impact.

United Nations - Sustainable Procurement

Creating value through responsible sourcing in imminent

Businesses have realised that by investing and integrating value-led sustainability into procurement processes can open up a plethora of opportunities for them. Businesses are committing to work only with suppliers that adhere to social and environmental standards

Enterprises face substantial risks without responsible sourcing, including unscrupulous suppliers, brand harm, losing out to “green” competitors, higher capital costs, supply shortages, legal concerns, and fines.

More and more businesses are turning towards responsible sourcing because they know that they can resolve these roadblocks with the right approach and framework.

importance of CSR

Source: Ivalua Inc, 2021 – a study from Forrester

Time to optimize sourcing for sustainability

Now that the companies have realised the importance of responsible sourcing, the next step is to optimise their sourcing practices. The inclusion of social, ethical, and environmental performance elements into the supplier selection process is actual sustainable sourcing.

Here are some of the ways through which companies can include sustainability in their entire supply chain:

Develop closer ties with suppliers

Businesses should remain in close contact with their supply chain stakeholders and offer them longer contract lifecycles. This will encourage them to invest capital and innovation in generating sustainable solutions

Create a supplier code of conduct

Businesses must create a supplier code of conduct with a tracking system. It should clearly describe policies, expectations, rewards, and punishments, as well as baseline supplier performance indicators and audits.

Augment human expertise with technology

There are many business practices that can be leveraging new-age technologies. Automation eliminates the need for paper-based procurement including purchase orders, requisition forms, etc. It also helps in creating a demand-driven supply chain, allowing for better visibility into demand trends. This ensures that the supplier is not wasting any excessive production material that may lead to environmental damage

Identify and use data from external sources

This will help integrate sustainability practices into strategic sourcing processes. The best way to achieve this is to look at what competitors are doing. In addition, organisations can also reach out to industry associations and standardisation bodies.

Sustainable supply chain management is becoming increasingly important to our stakeholders, including customers and investors. Investing in a value-driven sustainable supply chain will help an organisation protect and create value while also helping it accomplish its ESG goals.

Leave a Reply

Your email address will not be published.

Our Latest Blogs


Uncategorized

Disadvantages of Cloud Computing

Meta Title: Disadvantages of Cloud Computing | STL Tech Blog Meta Description: In this STL Tech blog, we'll examine the...
Read More
Uncategorized

DATA CENTER IN CLOUD COMPUTING

According to Gartner, the cloud computing business is expected to grow by 20.4% in 2022 in terms of global investment...
Read More
Uncategorized

Building Energy-efficient Data Centers For A Sustainable Future

Energy Efficient Data Center Data Center Energy Consumption has become a focal point since more and more industries are using...
Read More
Uncategorized

Modernization of Radio Access Networks

Traditional Radio Access Networks will present difficulties in establishing a 5G infrastructure. As a result, telcos will have to modernize...
Read More
Uncategorized

Storage And Management Of Digital Fuel Through Data Center Services

Data Center Services for data storage and management The demand for data is skyrocketing and further fueled by consistently evolving...
Read More
Uncategorized

Building a Faster, Scalable, and Optimized Fibre Network Infrastructure

The foundation of network infrastructure, fibre optics technology enables new and existing technologies to communicate more quickly and with greater...
Read More
Uncategorized

Tailoring The Legacy of Fiber Deployment with End-To-End Fiber Automation

The Era of Automated End-to End-Fiber deployment has begun Today, everyone needs a high-speed internet connection at home and office...
Read More
Uncategorized

Providing hyper-scale Fibre deployment services

Today's digital world is built on the foundation of hyper-scale and cloud data centers. Hyper-scale operators optimize their data centers...
Read More
Uncategorized

How Are Semiconductors Pivotal For Hi-Tech Manufacturing?

Semiconductor in Hi-tech Manufacturing The global disruptions caused by the COVID-19 pandemic provided an additional push to the already growing...
Read More
Uncategorized

The East is Leading the Digital Evolution

China topped the list of Digital Risers for 2021 and was followed by Saudi Arabia and Brazil. When it comes...
Read More
Uncategorized

Moonlighting – And Different Perspectives Around It

Self-employment is becoming more common as new technology makes it easier than ever to be self-employed — and economic changes...
Read More
Uncategorized

Fibre vs. satellite: Which is a better approach for rural connectivity?

Source With a rural-urban area distribution of 68.84% and 31.16%, respectively, India is a predominantly rural-centric country. However, development-wise, urban...
Read More
Uncategorized

DIFFERENCE BETWEEN TCP/ IP AND OSI MODEL

Image TCP/IP vs OSI Model: Differentiating Factors If you are thinking about layer 2 switches and layer 3 Ethernet switches,...
Read More
Uncategorized

Fiber-Distributed Data Interface

Fiber Distributed Data Interface or FDDI in computer network is a technology primarily used as an internet backbone in Metropolitan...
Read More
Uncategorized

How Does Beamforming Improve Network Service?

Beamforming principles have been known since the 1940s, but the technology is now playing an important role in upgrading modern...
Read More
Uncategorized

Privileged Access Management: Explained

Privileged access management (PAM) refers to the cybersecurity techniques and technologies used to regulate enhanced ("privileged") access and authorization for...
Read More
Data centre Uncategorized

Power in a Three-Phase Circuit Explained

You can make two types of AC circuits: single-phase and three-phase. The single-phase circuits are easier to implement but are...
Read More
Data Network Uncategorized

Role of Gateways in a Computer Network

Gateway in a Computer Network A gateway is a computer on a network that provides the interface between two applications...
Read More
Data Network Uncategorized

Difference Between a Network Hub and Network Switch

Hubs and switches have their uses in a computer network. However, they both have different mods of operation and produce...
Read More
Access Solution Wireless Spectrum

Access Point (AP) in Wireless LAN

WThe Internet has become part of everyone's life through broadband or mobile network 4G and the currently booming 5G. India...
Read More

Our Services


Uncategorized

Disadvantages of Cloud Computing

Meta Title: Disadvantages of Cloud Computing | STL Tech Blog Meta Description: In this STL Tech blog, we'll examine the...
Read More
Uncategorized

DATA CENTER IN CLOUD COMPUTING

According to Gartner, the cloud computing business is expected to grow by 20.4% in 2022 in terms of global investment...
Read More
Uncategorized

Building Energy-efficient Data Centers For A Sustainable Future

Energy Efficient Data Center Data Center Energy Consumption has become a focal point since more and more industries are using...
Read More
Uncategorized

Modernization of Radio Access Networks

Traditional Radio Access Networks will present difficulties in establishing a 5G infrastructure. As a result, telcos will have to modernize...
Read More
Uncategorized

Storage And Management Of Digital Fuel Through Data Center Services

Data Center Services for data storage and management The demand for data is skyrocketing and further fueled by consistently evolving...
Read More
Uncategorized

Building a Faster, Scalable, and Optimized Fibre Network Infrastructure

The foundation of network infrastructure, fibre optics technology enables new and existing technologies to communicate more quickly and with greater...
Read More
Uncategorized

Tailoring The Legacy of Fiber Deployment with End-To-End Fiber Automation

The Era of Automated End-to End-Fiber deployment has begun Today, everyone needs a high-speed internet connection at home and office...
Read More
Uncategorized

Providing hyper-scale Fibre deployment services

Today's digital world is built on the foundation of hyper-scale and cloud data centers. Hyper-scale operators optimize their data centers...
Read More
Uncategorized

How Are Semiconductors Pivotal For Hi-Tech Manufacturing?

Semiconductor in Hi-tech Manufacturing The global disruptions caused by the COVID-19 pandemic provided an additional push to the already growing...
Read More
Uncategorized

The East is Leading the Digital Evolution

China topped the list of Digital Risers for 2021 and was followed by Saudi Arabia and Brazil. When it comes...
Read More
Uncategorized

Moonlighting – And Different Perspectives Around It

Self-employment is becoming more common as new technology makes it easier than ever to be self-employed — and economic changes...
Read More
Uncategorized

Fibre vs. satellite: Which is a better approach for rural connectivity?

Source With a rural-urban area distribution of 68.84% and 31.16%, respectively, India is a predominantly rural-centric country. However, development-wise, urban...
Read More
Uncategorized

DIFFERENCE BETWEEN TCP/ IP AND OSI MODEL

Image TCP/IP vs OSI Model: Differentiating Factors If you are thinking about layer 2 switches and layer 3 Ethernet switches,...
Read More
Uncategorized

Fiber-Distributed Data Interface

Fiber Distributed Data Interface or FDDI in computer network is a technology primarily used as an internet backbone in Metropolitan...
Read More
Uncategorized

How Does Beamforming Improve Network Service?

Beamforming principles have been known since the 1940s, but the technology is now playing an important role in upgrading modern...
Read More
Uncategorized

Privileged Access Management: Explained

Privileged access management (PAM) refers to the cybersecurity techniques and technologies used to regulate enhanced ("privileged") access and authorization for...
Read More
Data centre Uncategorized

Power in a Three-Phase Circuit Explained

You can make two types of AC circuits: single-phase and three-phase. The single-phase circuits are easier to implement but are...
Read More
Data Network Uncategorized

Role of Gateways in a Computer Network

Gateway in a Computer Network A gateway is a computer on a network that provides the interface between two applications...
Read More
Data Network Uncategorized

Difference Between a Network Hub and Network Switch

Hubs and switches have their uses in a computer network. However, they both have different mods of operation and produce...
Read More
Access Solution Wireless Spectrum

Access Point (AP) in Wireless LAN

WThe Internet has become part of everyone's life through broadband or mobile network 4G and the currently booming 5G. India...
Read More