Ustainable Initiatives And Due Diligence In The Eu Supply Chain
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Sustainable Initiatives and Due Diligence in the EU Supply Chain
Master's Thesis from the year 2022 in the subject Business economics - Supply, Production, Logistics, grade: A, Copenhagen Business School, language: English, abstract: Using primary data gathered from both virtual semi-structured interviews and a quantitative survey, a triangular approach was used to investigate how firms work with different initiatives regarding sustainability in supply chains - both in terms of environmental and social sustainability. Furthermore, reactions to recently enacted and upcoming supply chain legislation was documented. The quantitative data was mainly used to supplement findings from the qualitative interviews. Selected respondents were featured through mini-cases that highlighted firm sustainability initiatives pertaining to supply chain management. From the analyzed data, four distinct propositions-each with circumstantial sub-propositions- were developed that highlight four interlinked themes concerning sustainability and supply chain management: leverage, information exchange, visibility, and supplier upgrading. The propositions can be used by business managers as a source of direction while designing, implementing, and managing sustainability initiatives in their respective supply chains in response to increasing due diligence requirements. Furthermore, legislators may review respondent concerns as well as the developed propositions to address externalities stemming from global value chains and update the legislation accordingly. Numerous government bodies have begun enacting increased due diligence requirements on business supply chains to curb harmful externalities that affect global sustainability initiatives. At the international level, the EU has recently proposed mandatory human rights due diligence (MHRDD) for global value chains, which is a mandated form of corporate social responsibility (CSR). Traditionally, due diligence and CSR have been voluntary tools to appease stakeholders. However, these voluntary approaches have been unsuccessful at curbing unsustainable business practices. Research combining sustainability and supply chain management has been increasing in recent years, as well as evolving to include themes found outside management research. Furthermore, the research environment has identified tools that explain how to manage global value chains in a sustainable way, but hasn't specifically addressed the changing legal environment, nor how to manage greater due diligence requirements. Overall, our findings contribute to the growing field of sustainable supply chain management and may easily be tested and expanded upon by future research.
Sustainable Value Creation in the European Union
Author: Beate Sjåfjell
language: en
Publisher: Cambridge University Press
Release Date: 2022-12-15
The European Union Treaty after Lisbon emphasises the overarching objectives of sustainable development and a highly competitive social market economy, aiming at full employment, high levels of environmental protection and social progress. Yet, in 2022, it is clear that these ambitions have not been fully achieved. The ongoing pandemic, the continuing fall-out from Brexit and the resulting economic damage, a Grexit avoided, and potential other exits from the EU, have come to undermine the political consensus of the idea of a European Union. Amidst these challenges, the debates on how to achieve the UN Sustainable Development Goals have turned towards demanding more sustainable economic policies, financial investments and business actions. The present volume provides a much-needed space for in-depth discussion of the concept of sustainable value creation and how it can be achieved within the ecological limits of our planet, through the prism of an interdisciplinary concept of sustainability.
Handbook on Life Cycle Sustainability Assessment
Author: Guido Sonnemann
language: en
Publisher: Edward Elgar Publishing
Release Date: 2024-04-12
This Handbook presents the state-of-the-art of Life Cycle Sustainability Assessment (LCSA) practice and provides guidance for its implementation and outlook for future work. Spotlighting sustainability analysts, managers and overall decision-makers from private and public sectors as well as experts in academia, it covers the historical background and current global context for life cycle sustainability assessment, methods and data management advancements.