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Just 14% of firms have made proper sustainability pledges, says WWF
July 14, 2016
Just 14% of firms have made proper sustainability pledges, says WWF
posted by Andrew Allen
A mere handful of leading consumer goods companies and retailers have taken meaningful steps to sustainably source soft commodities such as paper or soy, a report claims.
A study by WWF found only 14% of consumer goods companies had made measurable time-bound commitments to sustainably source palm oil, paper, soy, sugarcane or farmed fish according to standards recommended by WWF.
Slow Road to Sustainability analysed 256 consumer goods companies representing combined annual sales of more than $3.5tn globally, including Kimberly-Clark, Waitrose, Unilever, Kao Corporation and Royal Ahold.
All were members of the Consumer Goods Forum (CGF), the trade body representing consumer goods companies.
Only 22 of companies, or 9%, have made measurable and time-bound commitments to source all or the majority of the commodities needed for their business according to other standards WWF considered credible.
In many cases commitments were imprecise, leading to questions of transparency.
Only 42% of the companies publish sustainability information in their annual report or a separate sustainability report.
Read more at Chartered Institute of Procurement & Supply (CIPS).
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