New York City, July 24, 2012 - Green Research,
a New York-based corporate sustainability research and advisory
firm, today released a new study of corporate environmental
sustainability practices and trends.
The study finds efforts to improve sustainability in corporate
supply chains are hindered by poor data quality and a lack of
measurement standards. In a survey of 30 senior sustainability and
procurement executives at major companies globally, 62 percent of
executives said their efforts to track supply chain sustainability
performance are impaired by a lack of measurement standards.
For suppliers already beleaguered by numerous information
requests, things will get worse before they get better: 81 percent
of companies plan to ask suppliers for more information in the
Executives Believe Gains Are Possible without
Compromising Business Goals
Despite the challenges, executives are optimistic about the
prospects for significantly improving sustainability in their
"Companies often lack direct control over their suppliers and
sub-suppliers," said David Schatsky, principal analyst and founder
of Green Research. "But new tools and management practices are
empowering companies to drive improvements in supply chain
Sixty-four percent of executives surveyed said their companies
can have significant influence on their top suppliers'
sustainability performance. Eighty-four percent believe their
companies can obtain much better environmental performance from
suppliers without compromising their companies' business goals.
New Management Practices Profiled
Supply chain sustainability improvements will be made possible
in part by the adoption of new green technologies throughout the
supply chain but also by new management practices, Green Research
The company conducted a series of exclusive executive interviews
coupled with an analysis of public company disclosures to identify
10 supply chain sustainability best practices. These include
setting specific goals; educating and supporting suppliers; and
leveraging emerging standards to collect and analyze sustainability
data from the supply chain.
Report Offers Vendor Assessment Guidance
The study also finds that a wide range of technology vendors and
service providers have entered the market with solutions for
helping companies collect, track and manage supply chain
sustainability performance data.
The study presents profiles of a dozen such vendors representing
a range of approaches for addressing supply chain sustainability
issues, along with a Vendor Assessment Framework companies can use
to help them select an appropriate vendor.
Nearly 40 percent of executives surveyed in the study said their
companies were somewhat likely or very likely to acquire a new IT
system to help with supplier sustainability information over the
next 12 months.
The supply chain sustainability study is available for purchase
online at greenresearch.com