Develop credible sustainable procurement policies and guidelines
Start by creating overarching policies that communicate your commitment to sustainable procurement. To become more specific as your sustainability practices mature, consider developing issue-related policies, like those focused on climate change, human rights and modern slavery, or sourcing particular materials such as palm oil. It could be beneficial to leverage industry standards as guidelines and seek input from suppliers for a well-informed policy. Make sure to embed these policies into various procurement procedures, including supplier assessments and material sourcing requirements.
EXAMPLE: Disney's conflict minerals policy
Disney created a materials sourcing policy specific to the issue of conflict minerals. The policy addresses sustainability risks related to the region of origin.¹