This issue looks at aspects of setting up and managing a sustainable supply chain, in particular issues such as making suppliers part of the business continuity process, outlines international standards in supply chain management and sets out initiatives in this area. It also covers life-cycle assessment (LCA), a topic relevant to many Russian companies.
Setting up and then managing a sustainable supply chain is one of the most important factors in creating long-term value for companies, as it enables them to control their impact on the environment and local communities at all stages of the product life cycle. The biggest companies — the global business leaders — have a long history of effective supply chain management, and their suppliers share their sustainability principles. In Russia, on the other hand, this process is only just beginning, so companies here would benefit from looking closely at the current standards and the examples of Western companies that have already set up such chains.
Issue 5 of the KPMG Bulletin "In Focus: Corporate Governance and Sustainability" , produced by the Corporate Governance and Sustainability Group at KPMG in Russia and the CIS, looks at key aspects of setting up and managing a sustainable supply chain. In particular, it outlines the international standards in this area, describes the main processes and sheds light on LCA and its main advantages. In addition, the Bulletin features interviews with representatives of the real economy, illustrating the challenges faced by businesses in setting up a sustainable supply chain and how companies are addressing them.
© 2017 KPMG Audit LLC, the Mongolian member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.