WHAT ARE THE CHARACTERISTICS OF A GREEN SUPPLY CHAIN?
Environmental sustainability: A sustainable supply chain means minimizing environmental impact at all stages of the product life cycle. This includes reducing greenhouse gas emissions, conserving natural resources, managing waste responsibly, adopting energy-efficient practices, using sustainable materials and protecting biodiversity.
Social responsibility: The social aspect of sustainability is crucial to a sustainable supply chain. This means ensuring fair working conditions, decent wages, worker safety, the elimination of discrimination, respect for human rights, as well as promoting diversity and inclusion throughout the supply chain.
Ethical governance: A sustainable supply chain relies on ethical and transparent governance. This means adopting ethical policies and standards of conduct, ensuring that suppliers adhere to these standards, fighting corruption, fostering fair trade relationships and complying with national and international regulations.
Stakeholder collaboration and engagement: To establish a sustainable supply chain, it is essential that all stakeholders involved, such as suppliers, subcontractors, transporters, customers and consumers, collaborate and engage. Open and transparent communication encourages the sharing of information, the promotion of sustainable practices and collective problem-solving.
Innovation and adaptation: For a supply chain to be sustainable, it is necessary to cultivate a culture of constant innovation and adaptation to changing challenges. This means exploring new technologies, developing environmentally-friendly sourcing, production and distribution methods, improving energy efficiency, adopting new sustainable business models, and adjusting to regulatory requirements and social developments.
In short, a green supply chain strives to incorporate environmental, social and ethical concerns at every stage of the value chain. Its aim is to create long-term value, minimize negative impacts on the environment, promote fair working conditions and meet stakeholders’ sustainability expectations.