During the last decade, we’ve witnessed the emergence of sustainability issues among the most important business concerns in a firm’s supply chain. An increasing number of firms have reexamined their relations with suppliers and moved forward to build a more sustainable supply network, by not only monitoring their suppliers’ compliance, but also fostering their capabilities to properly address various environmental and social challenges.
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FIBS, a Finnish organization that fosters sustainability, states as one of the key results of its Corporate Responsibility Survey 2017 Summary that sustainable and responsible supply chains have become strategic goals for Finnish companies. However, implementing this remains a challenging issue, as does the need for resources, systematic training, and learning from the best practices developed by others.
What is ‘sustainability?’
The most extended and accepted definition of sustainability was put forward in 1987 by the World Commission on Environment and Development. According to the commission, sustainability is ‘‘a development that meets the needs of the present without compromising the ability of future generations to meet their own needs.’’
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