Latin American retailer Cencosud is to step up its responsible sourcing programme by partnering with Sedex.
Cencosud is the largest retail company in Chile and the third largest listed retail company in Latin America with annual sales of over $19 billion (£11.8 billion) from its supermarkets and department stores. It is the latest in a growing number of retailers in Latin America which have selected Sedex’s responsible sourcing platform to drive transparency and increase ethical and sustainability standards at their suppliers’ sites.
Renato Fernández, Cencosud corporate affairs manager, commented: "We are always looking for long term sustainability of the business and environment alike, and we work hard to create value for our 140,000 employees and the various groups which are part of our network. We have chosen to join Sedex as we believe it is the best platform to help us obtain and analyse information on responsible business practices within our supply chain. This valuable information will help us build on our existing work and the commitment we have long had to upholding our corporate responsibility.”
Carmel Giblin, CEO at Sedex, said: “We are delighted that Cencosud has chosen to partner with Sedex to gain more information on practices within its supply chain. Sedex has seen considerable growth in Latin America in recent years, with numerous large retailers becoming members as well as many suppliers from the fruit and food export markets, packaging, marketing agencies and service provider industries. We look forward to further growing our membership in this rapidly evolving and dynamic region and helping more Latin American companies with their unique supply chain challenges in the future.”
Sedex aims to reduce risk and protect company reputations by improving supply chain practices. It does this by offering access to a secure, online database which allows members to store, share and report on information in four key areas: labour standards, health and safety, the environment and business ethics. Since its launch in 2004, over 36,000 organisations around the world have signed up with Sedex to exchange ethical supply chain data.