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Prove Your Purpose

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Sustainability: No Secret Sauce

by Research & Insights

It's no secret most companies prefer to keep their proprietary tools and processes under wraps for competitive reasons. Yet in the age of transparency, companies have become more willing to open their doors to inspection. One company has taken this a step further by allowing anyone – even its competitors – to view an essential aspect of its supplier assessment process, all in the name of sustainability.

 

Bart King recently reported for Sustainable Brands on P&G's newest innovation in sustainability, its Supplier Scorecard Analysis Tool. The scorecard measures supplier improvement year over year on a number of environmental sustainability criteria, from hazardous and non-hazardous waste disposal to greenhouse gas emissions. Although the scorecard itself is not new, P&G has made news by making its tool publicly available, giving all companies a launch pad to more sustainable supply chains. The Excel spreadsheet, with instructions and rating criteria, is now available for download directly from P&G's website. The company has even gone so far as to offer a public webinar to anyone who is interested in learning more, complete with a live demo and tips for reapplying the tool to other businesses. And many may benefit from learning about P&G's sustainability efforts, as the company has saved nearly $1 billion in operational costs over the past 10 years.

There are no secrets when it comes to P&G's supplier sustainability scorecard. The company has put everything on the table with the hope others will follow suit. With this step, P&G has sent a message that environmental sustainability is important, not from a competitive standpoint, but for business and society at large.

 

We encourage your thoughts and comments. Continue the conversation on Twitter by using #WDYSF.

 

 

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