New Better Buying<sup><span style=”font-size:10px;”>TM</sup> Initiative Aims to Eliminate the Barriers to Code of Conduct Compliance Caused by Purchasing Practices
Geneva, Switzerland scored to identify publicly those buying companies with the best purchasing practices. Still in its feasibility stage, Better Buying<sup><span style=”font-size:10px;”>TM</sup> is expected to become fully operational in 2017.
“The purchasing practices of brand retailers as they consider ways to transform their business practices in support of human rights in their supply chains.”
“Better Buying<sup><span style=”font-size:10px;”>TM</sup> will provide more detailed information for brand better protections for workers.”
The initiative began in August 2015 with background research on purchasing practices and scoring data will begin this summer.
Whether adequate time has been allowed for production, extent that actual orders vary from capacity booked, and terms have been met are examples of measures that suppliers will be asked to rate.
“Ratings systems are becoming increasingly important to socially responsible investment firms and has the potential to make a significant impact.”
Seed funds for Better Buying<sup><span style=”font-size:10px;”>TM</sup> have been provided by C&A Foundation (see: www.candafoundation.org). Fair Factories Clearinghouse (see: www.fairfactories.org) is the technology partner for the initiative.
The University of Delaware (UD) is a privately chartered university with roots to its founding in 1743. UD’s Sustainable Apparel Initiative (UDSAI) promotes environmental sustainability and retail industries in their evolution toward sustainability.
The Cahn Group is a corporate responsibility consultancy dedicated to promoting long-term business success to companies and on factory floors.