Unsustainable Suppliers Risk Losing Business From Dell, Microsoft, Unilever, Nissan, L'Oreal
by Vikas Vij
Large global companies are increasingly of the view that changing consumer preferences, growing investor concerns, and a stronger regulatory environment make a compelling case to raise their business sustainability profile consistently. One of the key steps in this direction for almost every multinational company is to ensure that the companies which are a part of its supply chain take clear measures to address the issues of sustainability and reducing their environmental footprint.
Top global companies such as Nissan Motor, L'Oreal, Dell, Microsoft, Unilever, Colgate Palmolive, and Jaguar Land Rover rely on a number of Indian suppliers that lag behind in their commitment to address the concerns on sustainability, particularly the amount of their carbon emissions. These suppliers in India and other countries stand to lose out unless they step up their efforts to improve sustainability.
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Image Credit: Flickr via Carbon Visuals
Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.
