English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

World Bank launches supply chain visibility platform

PRESS RELEASE

May 12, 2014: Responsible supply chain specialists Sedex Global announces a partnership with the World Bank Institute to develop Open Supply Chain Platform – a new initiative to address global gaps in the availability and visibility of responsible supply chain data.

The Open Supply Chain Platform will help companies better understand their performance, increase sustainability and diversity, and generate shared values along global supply chains. Developed as part of the World Bank Institute's Open Private Sector Platform, the web-based and user-managed online platform will offer comprehensive supply chain information and enable businesses to conduct online assessments on their suppliers and consumers, based on a series of governance and sustainability indicators. Sedex Global will develop content for the platform, whilst OpenCorporates will design system architecture.

Data openness provides multiple supply chain benefits and efficiencies. The European Parliament adopted the directive on disclosure of non-financial and diversity information on April 15, 2014. Many EU companies will need to disclose information on policies, risks and outcomes linked to environmental performance, social and employee-related aspects, respect for human rights, anti-corruption practices, bribery issues, and diversity.

While this is a timely public policy response to the surging demand in corporate transparency, currently there is no common mechanism for the private sector to openly share such information, and there is a widening gap between companies that have the knowledge, capacity and funds to afford open and collaborative behaviors, and those who don't. This can be especially true for SMEs who face capacity constraints.

The Open Supply Chain Platform will help close this gap by providing a free-to-use, global online platform for companies of all sizes to upload, share and track core information in areas of business ethics, labor standards, environmental footprints and governance practices.

The Platform will enable suppliers to benchmark themselves against core international standards and provide guidance on areas of weakness, in turn enabling them to drive improvements and share information on performance with buyers. For buyers, the platform will inform sourcing decisions by empowering them to search for, and source goods and services from suppliers that demonstrate a comprehensive understanding of sustainability requirements and commitments. As such, the Open Supply Chain Platform will help create a more level-playing field for supply chain data by offering a range of functionalities to drive sustainability performance in global supply chains.

Carmel Giblin, CEO at Sedex said "We are delighted to be working on this exciting initiative. By combining Sedex's 10 years' experience of responsible sourcing with the global reach of the World Bank Institute, the Open Supply Chain Platform will deliver a step change in the uptake of responsible behaviors and practices by businesses. It will foster governance, sustainability and social development impacts in global supply chains".

Benjamin Herzberg, Program Lead, Open Private Sector, World Bank Institute, said "The World Bank is committed to scaling up development impacts and achieving the goals of ending extreme poverty and boosting shared prosperity. It is thus essential that we encourage the private sector to adopt open and collaborative behaviors that favor social, environmental and governance outcomes. That's the purpose of our Open Private Sector Platform. We are delighted to embark on this new endeavor together with Sedex and OpenCorporates as we believe we can better help leverage the buyer-supplier relationship to improve sustainability, transparency, and accountability in business practices. "

The evolution and growth of responsible sourcing has brought with it a growing landscape of initiatives, systems, codes and standards. Leveraging the existing reach of OpenCorporates – the world's largest open database of companies with data on over 60 million companies in 80 jurisdictions – the Open Supply Chain Platform will benefit all users through an open data approach. Suppliers, buyers, consumers, data aggregators and standard makers alike will be able to track and report sustainability and governance outcomes around the globe in a fully-sharable manner.

More News

Written on 18/08/2017, 20:38
cyber-attack-to-hit-a-p-moller-maersk-third-quarterCOPENHAGEN: August 16, 2017. A.P. Moller-Maersk says the 'Not Petya' cyber attack that hit Maersk Line, APM Terminals and Damco at the end of June is...
Written on 18/08/2017, 15:55
new-amazon-fulfillment-center-at-sacramento-air-parkSACRAMENTO, CA: August 17, 2017. Amazon is putting the finishing touches to an 855,000 square feet, four-story fulfillment center at Sacramento...
Written on 17/08/2017, 21:45
nippon-express-signs-kazakhstan-mouASTANA, Kazakhstan: August 16, 2017. Nippon Express has signed an MoU with Kazakhstan's railway company Kazakhstan Temir Zholy (KTZ) to develop container...
Written on 16/08/2017, 22:16
descartes-acquires-macropoint-and-new-shareholderWATERLOO, ON: August 16, 2017. Descartes Systems Group is to acquire Cleveland, OH-based transport visibility network MacroPoint for US$107...
Written on 16/08/2017, 21:45
jebel-ali-ftz-gains-us-80-billionDUBAI: August 14, 2017. Jebel Ali Free Zone (Jafza) increased the value of its non-oil foreign trade by US$80.2 billion in 2016 with volumes rising 17...
Written on 16/08/2017, 20:46
wincanton-to-operate-from-dp-world-london-gatewayLONDON: August 16, 2017. Wincanton, one Britain's largest logistics companies, is to establish a truck base at DP World London Gateway's logistics park...
Written on 16/08/2017, 20:03
freightweek-news-update-week-33FRANKFURT: August 18, 2017. Jettainer is now offering short-notice, short-term leases on its range of horse boxes. Read more: horsebox.pdf HAMBURG:...
Written on 15/08/2017, 23:01
swiss-worldcargo-reorganizes-the-americasZURICH: August 15, 2017. The air cargo division of SWISS is to reduce its American organization from three to two regions effective October 01 covering...
Written on 10/08/2017, 14:58
zeaborn-now-owns-six-rickmers-line-shipsBREMEN/HAMBURG: August 07, 2017. The Zeaborn Group has acquired five 30,000dwt 'Superflex Heavy Lift' vessels from Rickmers Holding. The purchase price...
Written on 09/08/2017, 21:06
qatar-lifts-visa-requirement-for-latam-marketDOHA: August 09, 2017. Qatar Airways has introduced visa-free entry for citizens from 80 countries with those from the EU, Switzerland and Turkey allowed...
Written on 09/08/2017, 16:48
freightweek-news-update-week-32LONDON, Heathrow: August 12, 2017. To celebrate World Elephant Day and help stop illegal trade of wildlife, Heathrow has installed a pop-up interactive...
Written on 08/08/2017, 21:57
another-record-ebit-for-deutsche-post-dhlBONN: August 08, 2017. Deutsche Post DHL (DPDHL) has reported a 4.7 percent increase in net profit to €1.18 billion on a 5.8 percent rise in revenue to...
Written on 07/08/2017, 21:23
amazon-operator-atsg-to-add-a321-freighter-conversionsBEAVERTON, OR/WILMINGTON, OH: August 07, 2017. Conversion specialist Precision Aircraft Solutions (PAS) and Air Transport Services Group (ATSG) have...
Written on 03/08/2017, 20:14
cargo-still-challenging-despite-turnaround-says-lufthansaFRANKFURT: August 03, 2017. The Lufthansa Group has reported a 99 percent rise in pre-tax profit to €1.03 billion on a 12.7 percent increase in revenue to...
Written on 02/08/2017, 20:19
hong-kong-air-cargo-leases-atlasPURCHASE, NY: August 02, 2017. Atlas Air Worldwide Holdings (AAWH) has leased three B747-400 freighters under an ACMI contract beginning in September 2017...
Written on 02/08/2017, 19:27
dunkerque-to-power-brittany-ferriesDUNKERQUE: August 01, 2017. A month after signing an agreement to develop an LNG station to supply tank trucks, Dunkerque LNG and Total Marine Fuels...
Written on 01/08/2017, 16:53
revenue-gain-for-g-w-railroadDARIEN, CT: August 01, 2017. Railroad company Genesee & Wyoming (G&W) has reported an unchanged net income of US$75.4 million on a 7.6 percent...
Written on 01/08/2017, 14:48
freightweek-news-update-week-31KUWAIT: August 05, 2017. Global logistics provider Agility has reported a Q2 net profit of KD16.8 million on revenue of KD342.1 million, an increase of...
Written on 31/07/2017, 15:32
sohar-ocean-container-throughput-upSOHAR, Oman: July 31, 2017. The Port of Sohar and Freezone reports an 11 percent increase in container volume in Q2 2017 over the same period last year....
Written on 30/07/2017, 23:45
crowley-introduces-another-cuba-servicePORT EVERGLADES, FL: July 27, 2017. Crowley Logistics has begun a three times a month service to deliver "approved donated goods" from South Florida to...

- powered by Quickchilli.com -