Investors Calling for Transparency
Investors calling for transparency. Increasingly investors are calling for increased transparency within the supply chain and companies are beginning to ask suppliers to produce their own sustainability reports. In 2012, the New York City Public Pension Fund filed seven resolutions with electronic companies asking them to increase transparency within their supply chains. These resolutions were withdrawn with Apple, Dell, HP, Intel and Microsoft, after the companies each made commitments to advance the sustainability reporting efforts of their suppliers.
In 2012, Apple required suppliers, representing 90 percent of its final assembly capacity, to publish sustainability reports according to the Global Reporting Initiative (GRI) guidelines. Microsoft will require, beginning in 2013, a selection of its suppliers to release their own reports regarding adherence to the requirements of Microsoft’s Vendor Code of Conduct. HP is also encouraging its suppliers to publish reports according to the GRI guidelines and is publishing links to those reports through its own sustainability reporting.
Demonstrating the investor’s commitment to improving supply chain transparency, in 2013 the NYC Public Pension Fund is continuing to file resolutions with companies including, EMC, Kohl’s, Oracle, Texas Instruments, Best Buy and Bed Bath and Beyond. Withdrawals are also expected to continue as the momentum and awareness of this issue grows.
For more examples on sustainable supply chains, click here.