Supply chain News and trends

In 2002, Ficosa was one of the country’s first companies in the sector to join the Compact, as part of its commitment to sustainable development, which is key to the company’s present and future strategic vision.

Since then, Ficosa has periodically renewed its participation in the Global Compact, aligning its sustainability strategy with the Sustainable Development Goals (SDGs) across the organisation in all 16 countries in which it operates. This strategy encompasses a variety of projects in the environmental, social and governance fields, and it extends along the entire value chain, encompassing employees, customers and suppliers.

One of the company’s main goals in this regard is to achieve climate neutrality by 2030, reducing 100% of Scope 1 and Scope 2 emissions. To this end, efforts are being made to increase the use of renewable energies to the detriment of fossil fuels. So, for instance, the company is constantly analysing its processes to make more efficient use of its resources. It is also developing various projects in this regard, such as the installation of photovoltaic panels on the roof of some of its plants, some examples of which are already in operation in Taicang (China) and Maia (Portugal). Furthermore, 11 of its centres already use 100% renewable energy, and, by the end of the year, it is estimated that around 64% of the Group’s electricity consumption will be from renewable sources. Through these initiatives, it is estimated that CO2 emissions will drop by 17,800 tonnes in 2022 alone.

Via EcoVadis

FuturePlus, a new SaaS (Software as a Service) platform, launched. This new service is expected to help SMEs (Small and Medium-Sized Enterprises) or SMBs (Small and Medium-Sized Businesses) achieve sustainable goals.  

FuturePlus To Help SMEs Achieve 2030 Sustainable Goals!
"No matter who you are, what you do, or how big your business, we're here to help transform your sustainability practices in meaningful and accessible ways," said FuturePlus via its official website. 

Specifically, this new SaaS platform aims to help businesses and companies to meet the UN's 2030 Sustainable Development Goals (SDGs). 

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Ahead of the World Economic Forum annual meeting taking place on 17-20 January, businesses say they are ready to work with the government to help deliver the SDGs in the UK as well as internationally, but that the government must create a framework to help businesses play their part.

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From protecting human rights to acting ethically to promoting decent working conditions, companies worldwide are failing to live up to their promises to be socially responsible. 

Pressure from shareholders and the public just isn’t enough to force companies to uphold their pledges to protect human rights, according to a World Benchmarking Alliance study of 1,000 companies across more than 60 countries. Only 10 of those companies have achieved the fundamental expectations of the United Nations’ Sustainable Development Goals, according to the WBA. That’s a failure rate of 99% for these powerful companies, which the WBA estimates generate about 25% of the world’s gross domestic product and employ more than 56.5 million people. 

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Only one in 10 of the world’s largest food companies are committed to promoting healthy and sustainable diets, according to new research.

A report, called Fixing the Business of Food, analysed the world’s 100 largest food companies to reveal the “progress and gaps in sustainability strategies across the agri-food sector”.

The report was conducted by the Barilla Foundation, UN Sustainable Development Solutions Network (UN SDSN), Columbia Center on Sustainable Investment (CCSI) and Santa Chiara Lab, University of Siena (SCL).

The companies were assessed against its ‘Four Pillar Framework’, which was developed in line with the United Nations Sustainable Development Goals (SDGs).

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Disruptive technologies and digital infrastructure have the potential to solve some of the world’s most pressing risks and to transform industries. These include safeguarding the planet's soil and water, and improving inequality and education.
This is the main conclusion of the 2017 Global Opportunity Report, released by DNV GL, Sustainia and the United Nations Global Compact. The report also demonstrates the commitment of the global business community towards taking action on the UN Sustainable Development Goals (SDGs) and the 2030 agenda.

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The World Business Council for Sustainable Development (WBCSD) and consultants Radley Yeldar released the 2016 edition of “Reporting matters,” which found that the Global Reporting Initiative (GRI) guidelines are still the most widely used among WBCSD members, with 80 percent of reporters using the G4 guidelines, and that nearly a third are communicating on the SDGs. Ten companies are using the SDG Compass to take action on the Global Goals.

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