How to Find Ethical Suppliers? And Suppliers That Align with My ESG Strategy? by Sarah Ng Supplier management and your Environmental, Social, and Governance (ESG) strategy are interconnected as both play critical roles in your business’ ecosystem. Selecting the right suppliers not only ensures product quality and improves supply chain stability, but also shows responsible investors that your company has the competence to manage various supply chain challenges and ensure business continuity. At the ICTI Ethical Toy Program (IETP), we often receive emails asking, “Can you send me a list of IETP certified suppliers?”. We are pleased to see more toy businesses are committed to responsible sourcing and procurement, and in this article, we will share how to select compliant manufacturing partners that meet your specific ESG objectives.
Tools to Find Ethical Suppliers IETP provides two online tools to facilitate searching for manufacturers and to promote responsible sourcing via our social certification program. 1.) IETP Certified Supplier Search is publicly available on IETP’s official website www.ethical.toys. The tool allows users to check the Certification status of any supplier within the Ethical Toy Program, and validate the authenticity of certificates & audit reports. This simple supplier lookup function helps to identify if your current or potential partners are meeting the expected compliance standards. 2.) Connect Platform, provides advanced supplier search functionality, including precise filtering by factory size, product type, industry type, and factory location. As well as offering responsible sourcing intelligence including insightful analyses of your supply chain – how does your supply chain compare to competitors in the sector? What is the compliance gap of your entire chain? The Connect Platform also sends you instant alerts of potential risks such as a sudden closure of a manufacturer.
Advanced features of the Connect Platform
12 tfe February 2022