New Zealand’s Sustainable Business Network (SBN) has developed a smart procurement assessment tool to help large firms make sure their purchasing has a positive impact across the supply chain.
The tool, which was developed with input from several city councils, universities and businesses, is currently being tested.
Julia Jackson, SBN transformation lead for community, said Australian insurance firm IAG is already using it with some suppliers and Fuji Xerox will start using in March to assess its supply chain.
The tool asks questions that enable existing or potential suppliers to be scored on overall sustainability strategy and governance, environmental practice, social practices and supply chain management.
By examining the answers companies can get a picture of their supply chain and weak links in terms of sustainability.
The tool also contains information and links to help educate suppliers on calculating carbon emissions, developing appropriate policies and key performance indicators.
It also contains case studies of how other firms have improved their sustainability.
Jackson said the final version of the tool would be available around mid 2016.