Setting a standard

9 October 2012
Dav<div style=Asking for information 
to verify and evaluate a supplier’s sustainability credentials is a routine feature of many tender processes. The information gathered, whether through a questionnaire or other means, is then usually weighted and mapped against a benchmark, producing an overall sustainability score on which you base your sourcing decision. But do you know how your scoring of a supplier compares with how buyers in other organisations rate that same supplier? Is your approach to evaluating your suppliers different depending on the strategic importance of the supplier or the level of risk it represents in your supply chain? At CIPS, we believe the time is right to work towards an industry standard for sustainability evaluation that will give reliable results and save valuable time. Our new tool for practitioners, the CIPS Sustainability Index (CSI), is being developed to meet that need. We introduced the concept at the CIPS conference earlier this month and the full launch will follow in the new year. The index, which is being developed in partnership with PRGX and the University of the West of England, will be based on the three principal pillars of sustainability: financial, environmental and social. These create the platform for the development of a single, global standard relevant to goods and services suppliers across all sectors and in all markets. The index is being designed to give buyers the ability to attribute appropriate weight to sustainability according to their organisation’s philosophy and to reflect factors such as geography and industry-specific requirements. In this way, the index will be able to support a buying organisation’s supply base no matter the size of the supplier or type of product or service provided. It will make the sustainability information request process more efficient. It won’t just help procurement professionals, but will benefit all parties by improving efficiency in the supply chain. It will allow suppliers to spend less time responding to sustainability questions and help them identify any areas where they may be falling short. They will be able to compare themselves with the quartile scores for their sector group, which will help them raise their game if they want to remain competitive. I would like to see the CSI 
recognised in time as the independent, non-partisan and reliable index that 
all buyers can use to form a realistic 
view of their suppliers’ sustainability credentials, which will then become 
the accepted standard 
for sustainability evaluation in 
our profession. Member volunteers Everything is coming together for the inaugural meeting of the CIPS Congress on 29 November, following the election of 19 representatives from eight national and international constituencies. Together with the elected members who have moved from the former Council, they will become our new global body to represent members as we shape our future strategy. Congratulations to the winners: North of England Trevor Black FCIPS Richard Green FCIPS Malcolm Taylor MCIPS Martin Toomey MCIPS Robert Waddell MCIPS Central England Roy Ayliffe FCIPS Gary Howard MCIPS Jenny Marshall MCIPS Ian Smedley FCIPS South of England Richard Anstis FCIPS Grahame Ball FCIPS Joanna Richardson MCIPS Africa Dr Benon Basheka MCIPS Azikiwe Mussa-Mbewe FCIPS Samuel Asare Boateng MCIPS Asia Vivian Wang MCIPS Australasia Craig Lardner FCIPS UK students Deborah Holland Africa students Gideon Mayusa
LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Flexible - please see ad
Competitive salary with generous additional benefits.
European Bank for Reconstruction and Development
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE