The recognition of global standards, particularly in the realm of ethical trade and responsible sourcing, holds immense importance for various stakeholders within the business ecosystem. The BRCGS Ethical Trade and Responsible Sourcing (ETRS) Global Standard was the first to be recognised by the Sustainable Supply Chain Initiative (SSCI) back in 2021. So, what is SSCI and why is this important?
The SSCI is an initiative of the Consumer Goods Forum (CGF). The CGF works in coalition with GFSI. Through formal recognition, SSCI exists to provide clear guidance of independent third-party auditing, monitoring and certification programmes that meet industry expectations on social sustainability. The SSCI is shaped by 23 members, which includes many well-known global brands such as Coca Cola, Nestle, Tesco, Ahold Delhaise and Unilever (see all 23 members). All SSCI members champion the SSCI’s vision in their own companies to meet the overarching objective of driving meaningful change.
BRCGS was the first to complete this comprehensive benchmarking process, which is built on criteria developed by CGF members and expert stakeholders. When it comes to ethical practices, SSCI recognition could be considered the equivalent of GFSI recognition.
Global standards provide a framework that promotes transparency in business operations. The adherence to recognised ethical standards ensures that companies are held accountable for their practices. This transparency fosters trust among consumers, investors, and other stakeholders, as they can make informed choices based on the knowledge that companies are aligning with established ethical norms.
As a recognised global standard, BRCGS certification to the ETRS Standard enhances a company's credibility as it demonstrates a commitment to social responsibility and sustainable business practices. This, in turn, contributes to building a positive corporate reputation, which can be a valuable asset in attracting customers, partners, and investors.
Adhering to a recognised global standard helps to mitigate various risks associated with unethical business practices as these standards act as a guideline that companies can follow to demonstrate their commitment to responsible business conduct. Compliance with recognised global standards such as this is commonplace in global markets and supply chains. It provides businesses with a pathway to trade internationally and compete on a level playing field globally.
In an era where consumers are increasingly conscious of the ethical and environmental impact of their purchasing decisions, the recognition of global standards becomes crucial. Companies that align with recognised ethical standards are more likely to appeal to ethically conscious consumers, leading to increased brand loyalty and market share.
SSCI is the benchmark of choice for the consumer goods industry. When businesses and organisations are looking for standards they can trust, they can look for those with SSCI recognition. Companies that embrace these standards not only contribute to a more ethical and responsible global supply chain but also position themselves as leaders in their respective industries.
