What is Sustainability?
Sustainability in the context of supply chain management refers to the development and implementation of environmentally responsible and socially equitable business practices throughout the supply chain. It aims at meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Sustainability encompasses three main pillars: environmental, social, and economic sustainability, often referred to as the triple bottom line.
For supply chain traceability companies, promoting sustainability involves ensuring that materials and products are sourced, produced, and delivered in a way that minimises environmental damage, respects human rights, and offers economic benefits to all stakeholders involved.
By focusing on sustainability, companies can reduce their environmental footprint, foster social goodwill, and achieve long-term economic viability, thereby contributing to a more sustainable future.
Related terms
UK Environment Act
The UK Environment Act is landmark legislation designed to address various environmental issues within the United Kingdom, including air and water quality, waste management, and biodiversity restoration.
Wood Products
Wood Products refer to a wide variety of goods derived from trees and forests, including lumber, plywood, paper, furniture, and other items made from wood fibres. These products are integral to numerous industries and everyday life, offering benefits such as carbon sequestration, renewable material, and versatility.
Chain of Custody
Chain of Custody (CoC) refers to the process of documenting and verifying the sequence of custody and control over materials and products within a supply chain.