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Promoting a Sustainable and Ethical Supply Chain

June 14, 2021 at 07:00 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

When it comes to sustainability, it’s not just about us.

SOURCE: Clarivate

DESCRIPTION:

“Sustainability is not possible without embedding it throughout our entire global supply chain. Where we purchase, what we purchase, how we purchase and from whom we purchase all matter in advancing a better world for tomorrow”

Peter Frien, Vice President, Procurement

To impact global change, we’re making a conscious choice to engage with suppliers who align with our sustainability goals – whose products and services are produced in a way that treat people and the environment ethically and responsibly. With the help of EcoVadis, a supply chain sustainability ratings platform, we’re evaluating our suppliers for their sustainability policies, ratings, implementation measures and more. We will have better insights into all aspects of supplier responsibility and diversity. We’re using data to make more responsible, impactful decisions about who we partner with and to build a resilient and sustainable supply chain.

Metrics to help us better understand and advance supplier diversity

Track number and percent of suppliers against total spend completing a comprehensive sustainability assessment, using EcoVadis analysis of 78 management indicators, across 21 sustainability criteria
Understand the performance of suppliers in all aspects of environmental, social and governance criteria
Ongoing review of Clarivate suppliers to positively impact and drive a more sustainable supply chain

2020 milestones

Updated and enhanced our supplier support page and supplier code of ethics
Created a sustainable procurement website
Engaged with EcoVadis to capture, analyze and manage our supplier data

2021 goals

Complete benchmarking of top 100 suppliers for ESG performance via EcoVadis Finalize our sustainable procurement guidelines and incorporate into our procurement policy
Leverage our technology to enable tracking and reporting of spend relative to sustainability and diversity

Learn more in the Clarivate Annual Sustainability Report.

Tweet me: To impact global change, @Clarivate is engaging with suppliers who align with its #sustainability goals – whose products and services are produced in a way that treat people and the environment ethically and responsibly: https://bit.ly/3weP7ys

KEYWORDS: NYSE: CLVT, Clarivate