Filed under: Corporate Social Responsibility, Directions for Sustainable Innovation | Tags: CSR, Innovation, Social Impact
“Stakeholders increasingly demand transparency about the social impacts of products,” says João Fontes of PRé Sustainability. As supply chains and product life cycles span the world, businesses need a practical, reliable way to systematically analyse risks and identify improvement opportunities.
“Research on consumer preferences, like The Nielsen Global Survey on Corporate Social Responsibility, shows that half of the world’s consumers are prepared to pay a premium if products have an ecological or social benefit,” says Jacobine Das Gupta, Corporate Sustainability Manager for DSM.
A group of likeminded multinationals – Ahold, Akzo Nobel, BASF, BMW Group, DSM, L’Oréal, Marks & Spencer, Philips, RB, Steelcase, The Goodyear Tire & Rubber Company and a chemical company, led by sustainability consulting firm PRé Sustainability – understand the need for a social impact assessment method that is capable of screening a product’s entire supply chain across continents and throughout its life cycle.
A cross-industry accepted product social impact assessment method did not exist so far. The Roundtable’s innovative social impact assessment method gives businesses the power to assess a product’s entire life cycle, scan their supply chains for risks and improvement opportunities and improve sustainable product development, reporting and communication.
The group developed a Handbook for Product Social Impact Assessment which is now available as free download for any business wanting to differentiate and create value through social impact assessment, being the next stepping stone towards a future broadly accepted standard. For more information see: http://product-social-impact-assessment.com/handbook/.
Leave a Comment so far
Leave a comment