As companies expand their corporate social responsibility and environmental stewardship programs, they are beginning to take a closer look at their supply chains. Companies like Walmart, IBM, and Kaiser Permanente have launched sustainability scorecards for their supply chains. Now The Procter & Gamble Company (P&G;) can be added to this list. Today, P&G; announced the launch of its new Supplier Environmental Sustainability Scorecard and rating system.
P&G;’s vision is that this scorecard will help launch an industry standard and plans to make the scorecard available to other companies to help foster this vision.
"The launch of the Supplier Environmental Sustainability Scorecard represents the next step in P&G;'s commitment to environmental sustainability and reflects the Company's holistic, end-to-end supply chain strategy," said P&G; Chairman of the Board, President and Chief Executive Officer Bob McDonald. "We will grow P&G;'s business by touching and improving more consumers' lives in more parts of the world... more completely. To accomplish this, we must continually innovate and grow responsibly and sustainably. Keeping Sustainability at the core of our business fuels innovation and strengthens our results." Source: P&G;
P&G;’s new Environmental Sustainability Scorecard website provides a generic scorecard for the public to view as well as training modules for companies that need to complete the scorecard. The site also offers information for current and prospective P&G; suppliers.
The scorecard requires input from the supplier in several different areas including electricity, fuel, and water usage. The P&G; environmental sustainability scorecard also requests data on a supplier’s greenhouse gas emissions, whether the company uses an environmental management system, and how much waste is disposed of on an annual basis.
In addition to the required data sets, P&G; also allows companies to enter optional data including the use of renewable energy, the fuel efficiency of the corporate fleet, and whether potential waste material is diverted from landfills through recycling, reuse, or recovery processes.
As more companies are requiring environmental information from their supply chains, we, as consumers, will have a better idea of how much of an impact these products have on the environment. Ultimately, this will help these corporations shape their buying decisions but these scorecards will also help consumers to make more informed purchasing decisions as well.