Companies are revolutionising supply chains by integrating Environmental, Social and Governance (ESG) practices with blockchain technology. This innovative approach ensures transparency, traceability and ethical standards throughout the supply chain, paving the way for a more sustainable future.
Embracing these advancements can drive positive environmental and social impact, fostering a responsible and resilient global economy.
Shivendra Ojha, Director - Strategic Sourcing & Procurement, Cargill and Ajith Kumar, Director – Supply Chain, Quality, Sustainability and Coffee, Tata Starbucks emphasised the pivotal role of responsible sourcing and supply chain in brand building.
Ojha stressed the importance of partnerships, citing the involvement of government regulations, environmental concerns and company growth.
Kumar highlighted the transformative role of supply chains, stating, "It's about building brands, not just providing a service."
“Tata Starbucks is committed to ethical sourcing, we supply 3 per cent of global arabica production, ensuring consumers enjoy ethically certified coffees with support from the Farmers Support Board.” He added.
Sandeep Chatterjee, Supply Chain & Sustainability Leader, IBM addressed the ESG journey, urging continuous steps toward zero carbon emissions. Emphasising data's key role, he stated, "Collecting data and putting it into good use will be vital."
Ajay Sikka, Director - Global Supply Chain CoE, Carrier, unveiled plans to map post-sale emissions, noting, "80 per cent of emissions occur after the product is sold." Rahul Poddar of Nestlé cautioned against excessive fertiliser use for environmental protection.
Alok Rai, Founder, Novellus Infosystems summed up, "Leaders highlight a collective commitment to sustainability, emphasising responsible sourcing, brand-building supply chains and a roadmap to achieve ESG goals."