Module 6-1 Responses (2 needed)

Posted by Tammy-

The company I selected for my course project is Russell Stover. They are one of the best-known chocolate manufacturers in the United States. Lindt & Sprüngli acquired the company in 2014, strengthening its presence in the North American market. Lindt & Spungli use the EcoVadis approach to assess the sustainability performance of direct and indirect suppliers for 13 main subsidiaries. In 2022, they increased their supplier assessment scale from 466 to 581, accounting for 52% of our total Group expenditure. The assessment is based on 21 criteria and includes four areas: the environment, labor and human rights, ethics, and sustainable procurement.

     EcoVadis considers material industry concerns, risk country presence, supplier size, and geographical scope. In addition, the evaluation looks at "international sustainability standards such as the Ten Principles of the UN Global Compact, the ILO conventions, the GRI Standards, the  ISO 26000 standard, the CERES Roadmap, and the UN Guiding Principles on Business and Human Rights." Their suppliers scored an average of 54.6 out of 100, up 1.8 points from 2021. The average expenditure-weighted score was 55.8. Companies with ratings below 45 will receive annual requests for corrective actions and reassessments. Regardless of the score, each supplier receives a customized corrective action plan outlining our expectations for each criterion and training support via the EcoVadis Academy. 

     The current organizational strategies align with my vision for the ISO 26000 guidelines. This aligns with my vision for ISO guidelines because they use not only ISO 26000 but also many other ways to assess their sustainability, for example, the EcoVadis approach. The EcoVadis approach assesses the sustainability performance of direct and indirect suppliers for 13 main subsidiaries.

 

REFERENCES

“Lindt & Sprungli Sustainability Report 2022.”  Lindt & Sprüngli, 2022, www.lindt-spruengli.com/amfile/file/download/id/7865/file/Lindt-und-Spruengli-Sustainability-Report-2022.pdf.