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• Setting goals of achieving 80 % audited and compliant Tier 1 sup pliers , as well as 80 % traceability on spend and volume by the end of 2020 .
• Engaging suppliers to adhere to the strict guidelines of the compa ny ’ s Responsible Sourcing Standard ( RSS ). Furthermore , the company is focusing on four key areas : natural capital , human rights , animal welfare and transparency . Regarding the latter , Nestlé has partnered with WWF-Australia and BCG Digital Ventures on ‘ OpenSC ’, a blockchain platform which will allow customers
“ Sustainability is evolving and there is increased interest and scrutiny from consumers about the origin of ingredients ”
— Unilever to trace food back to its farm origins . Currently still in development , its trial run last year traced milk from producers in New Zealand to the company ’ s factories and warehouses in the Middle East . The company will also open-source data on its supply chain and disclose suppliers to demonstrate its commitment to progress .
Viewing responsible sourcing as a great opportunity to strengthen its supply chain , mitigate risk and develop trust with customers and stakeholders , Unilever ’ s policy emphasises 10 fundamental principles , including corporate integrity , supporting workers ’ rights and engaging with sustainability initiatives .
Estimating that its products are used by 2.5 billion people daily , the company believes that its far-reaching significance only heightens the importance of its responsible sourcing . However , this is by no means a recent development : in 2010 , Unilever set an ambitious target of achieving 100 %
JULY 2020