News Details

Report highlights significant actions to shift gears towards a sustainable & resilient supply chain

The CII-ITC Centre of Excellence for Sustainable Development (CESD) recently launched the report ‘Integrating Sustainability in Indian Supply Chains’, in collaboration with Sedex, at the flagship event of CII, 15th Sustainability Summit: Action Agenda for the Next Decade. The report demonstrates, through concrete evidence, the macro and micro-level challenges faced by organisations in pursuit of making supply chains responsible and sustainable.

Against the backdrop of black swan events like the Covid-19 pandemic and the visionary narrative of the 2030 Agenda for Sustainable Development, the assessment studies undertaken by Sedex  and CESD examine key sustainability risks in India which include informal working contracts, lack of health and safety measures, overtime, unfair wages, forced labour, water crisis, waste and pollution.

Presenting the report, Mr Vishal Londhe, Head of Office - Sedex India, said, “I am thrilled to share Sedex’s joint report with the CII-ITC Centre of Excellence for Sustainable Development. With India’s growing reputation as an industrial superpower, it is crucial that Indian businesses use their influence on supply chains to support improved working conditions and environmentally responsible sourcing practices. It is hugely encouraging to see a high level of interest in responsible sourcing among Indian business, and Sedex is proud to support the Indian industry in achieving it”

Ms Seema Arora, Deputy Director-General, CII, expressed that “the CII-ITC Centre of Excellence for Sustainable Development is happy to partner with Sedex on this report. Through this we wish to bring to fore the business case for investing in sustainable supply chains by analysing the key risks and challenges faced by Indian businesses in their supply chains and the drivers for action. The report also provides actionable guidance to companies on integrating sustainability in their supply chains. The guidance is based on existing Indian legislation landscape and guidance around responsible business conduct, as well as international laws and legislation applicable to Indian companies as sourcing partners.”

The report also highlights the wide-ranging scope for India for building export capacities, drawing focus on the nation’s role in global value chains as a favourable sourcing destination, through the ‘Atmanirbhar Abhiyan’ (self-reliant India programme).

As the world evolves from the pandemic, tighter regulations around social and environment disclosures in supply chains both at international and local levels are expected to come up. This report is an attempt to support companies towards establishing clear management systems which involve leadership commitment and resource deployment along with other management controls, said a release.


Source: Exim News Service: New Delhi, Sept. 15


click here!!

Search News

Currency Import Export
U.S.Dollar 74.26 73.33
U.K.Pound 95.05 93.17
Euro 86.79 85.30

As On 25th September, 2020

more forex rates...

Currency Import Export
U.S.Dollar 74.60 72.90
Sterling Pound 96.90 93.55
Euro 88.20 85.10

w.e.f.18th September, 2020

more custom rates...