The Sustainability Consortium provides ESG digital tools

With more emphasis on transparency and traceability, The Sustainability Consortium provides great insights and tools to support ESG improvement

Since COP26, businesses have been focused on developing their strategies for change as the world encounters its most pressing challenge yet. With the global target for net-zero emissions set and the demand for transparency of environmental, social and governance (ESG) actions, businesses are looking to monitor and improve their sustainability credentials. 

With the help of The Sustainability Consortium (TSC), companies are able to do this. The consortium consists of some big-name organisations, including Amazon, Kroger, Procter & Gamble, Walmart, WWF, and HSBC. All these firms are working on the same things, to get the world in order and to make consumer goods businesses sustainable. 

TSC plays an important role in the shift to sustainable processes, by setting key performance indicators (KPIs), through its standardised approach, to ensure consistency and effectiveness when monitoring sustainable success. The group does this by following a nine-step process:

  • Identifying  the product category
  • Reviewing scientific data to get a background of the product 
  • Find any activities within the product’s lifecycle that could have potential social or environmental impacts
  • More research to understand how the product can be developed to mitigate those issues
  • Evaluate any evidence surrounding the product’s impact
  • Come up with KPIs to track the sustainability of the product
  • Ensure KPIs align with the outcome for the product 
  • Publish KPIs and supporting documentation
  • Continuously review KPIs to ensure they remain effective 

Providing digital sustainability tools

As it creates methods for organisations to manage their sustainability performance, TSC has devised its own solution for managing the communication between the buyer and supplier, which is already used by organisations like Unilever, Fiskars, Cascades, and over one hundred other businesses. To find out more about TSC and its THESIS supply chain platform, click here


For more sustainability insights, check out the latest issue of Sustainability Magazine.

Share

Featured Articles

How is Nestlé making coffee farming more sustainable?

Nestlé has outlined its new plan to help accelerate its work to help tackle climate change and address economic challenges

Kelly Manthey – leading by example as a B Corp Group CEO

Kelly Manthey, CEO of digital transformation company Kin + Carta, shares her journey from first employee to Group CEO in a tech industry dominated by men

Nico Rosberg – from F1 champion to green tech evangelist

Former Formula 1 World Champion Nico Rosberg is founder of the Greentech Festival and Rosberg x Racing, a team driven to inspire positive change

Be a better business by becoming B Corp

Sustainability

Sustainability is a universal problem, on earth and in space

Sustainability

Quanta announces release of annual Sustainability Report

Supply Chain Sustainability