PIC collaborates with international diversity expert Nicola Greenwoood

The Positive Impact Commerce Foundation affirms support of the TERRA CARTA, in doing so we shall:-

 

Commit to supporting and rapidly accelerating the world’s transition towards a sustainable future.

  Recognise the urgency of the global climate, biodiversity and health crises and the stewardship with which we must act.

  Acknowledge that to build a sustainable future, the transition must focus on a robust, positive and parallel impact for Nature, People & Planet.

  Recognize that ensuring the integrity of all ecosystems, on land and below water, requires that climate, oceans, desertification and biodiversity be treated as one common system and addressed simultaneously.

  Acknowledge that we need to make health our goal; individual health, community health, economic health and the health of our Natural resources.

  Take into account the value of diversity, recognizing that diversity is a strength that gives resilience to communities, systems and organizations.

  Recognize the importance of ‘local’ – local traditions, languages and cultures along with local products, jobs and sustainability – and how these ‘locals’ connect and support each other in the wider tapestry of regional and global systems.

  Acknowledge that Nature underpins the inherent prosperity, wellbeing and future of all people and the one planet we share. Further, that the restoration of the natural world is of common benefit to all humankind irrespective of borders.

  Acknowledge that the required global trajectory is a sustainable one, where the private sector has acritical role to play. To accelerate along this trajectory, a ‘future of industry’ and ‘future of economy’ approach must be taken.

  Take into account the need to ensure a skilled workforce and a cadre of leaders that are prepared to participate in a fair, inclusive, equitable and just transition towards a sustainable future.

  Recognize that to scale sustainable solutions and investment, cross-border and longer-term ‘mega’ projects need to be explored, underscoring the importance of public, private and philanthropic collaboration.

  Acknowledge the need for net zero commitments to be achieved by 2050 and, where possible, much sooner. Setting more ambitious timelines will emphasize and catalyse immediate action while encouraging continuous innovation and improvement.

  Undertake to collaborate, share knowledge and ideas to propel the world towards sustainability at a faster pace through public, private and philanthropic collaboration.

The assumption that the planet’s resources are more valuable once extracted and consumed exposes a fundamental flaw in humanity’s perception of value and our messed-up relationship with the natural resources that sustain us.  If our true intention is to make more sustainable business choices, we must integrate that intention into our business mission and manage it in all exchanges of value. 

In a UK Radio 4 interview Professor Myles Allen, the atmospheric physicist responsible from framing the net zero campaign on behalf of the Intergovernmental Panel on Climate Change, suggested that the climate emergency would not be solved by government coming in on a “white charger” with a solution.  He complained that the focus was being placed on ordinary individuals and leaving out the institutions who could make the biggest impact.  He commented that if commercial entities already had the inherent ability to engineer innovative products they should, by default, be more accountable for mitigating the negative impact of their products over the life of their use wherever that use or reuse occurs. 

Society is energy dependent and the transition to clean renewable energy is taking too long.  Commercial entities are coming under increasing pressure to adapt their commercial operations at pace.  Reversing deeply embedded business norms will require a fundamental shift in company culture, inclusion of impact risk and opportunity management at all tiers of commercial relationships and a fundamental upgrade to the way commercial activity is procured and governed.  Extra CSR / ESG disclosures and more targeted social gifting is not the answer.  The entire commercial operating model must be enhanced at all levels in the value chain and the effort of all executives accountable for business delivery focused on delivering clear and unambiguous impact outcomes.   

A 2019 global consumer confidence survey  recorded that existing global consumers are somewhere between 60% to 88% more likely to choose the most ecologically sound and sustainable option they can afford.  The Task Force on Climate Related Financial Disclosures (TCFD), headed by Mark Carney, the former Governor of the Bank of England, published their final recommendations in 2017.  They concluded that climate related impact risk in commercial markets is so great that investors are increasingly seeking evidence-based assurance that prospective assets under management are resilient to climate shocks.  Investors will increasingly invest only in companies able to demonstrate impact resilience. 

Dear Procurement, where is the diversity strategy?

Positive Impact Commerce (PIC) has selected Brooklyn Vendor Assurance for its exclusive Supply Chain Sustainability delivery platform.

The next generation dynamic platform enables impact-based assurance activities across all customer supply chains. The PIC System is already aligned to the GRI Reporting requirements and the UN 2030 Vision Sustainable Development Goals (SDGs). PIC is the most holistic, user-friendly, practical, and research-based Sustainability framework available.
 
Jacqui Archer, Chair of the Positive Impact Commerce Foundation, said: “Using Brooklyn Vendor Assurance as the central digital platform enables PIC members to focus on business value delivery and fold their ESG / CSR activities right into their existing operational workflow. There was no other solution like this that enabled business leaders to deliver their business mission so effectively, comprehensively and sustainably”.  
 
She said the major deciding factor in choosing Brooklyn was “the customer friendly AI-driven onboarding and third-party assessment features. The dynamic automation and holistic functionality will help accelerate supply-chain sustainability programmes end-to-end. This really is the missing link to delivering sustainable value. The Brooklyn solution is full lifecycle, impact focused and modular. That means it can scale and flex with evolving global standards and clients can keep focus on business value delivery. It’s very exciting indeed to see our leading industry research coming to life in this very practical way and we are delighted to be collaborating with Brooklyn.”
 
Jesse Lee, CEO at Brooklyn Vendor Assurance, added: “We are delighted to integrate PIC into our modular Brooklyn solution suite. PIC is uniquely usable and commercial results-focused, cleverly folding in the delivery of ethical Profits as well as inspecting the diversity and opportunity for Workers, the impact of the business operation on the Planet and how clients can drive and deliver social value for the Society impacted by the business. PIC with Brooklyn solves the universal problem we see across many CSR supply chain programs — a “doing good” reporting fanfare disconnected from the business imperative to drive value through supplier contracts, risk, and performance. Brooklyn recovers lost time and cost through the value chain. PIC drives the long-term sustainable value that drives customer satisfaction and business reputation. It’s the perfect combination, effective commercial governance and assurance and constant focus on delivering a positive impact”.
 
Jesse Lee, CEO at Brooklyn Vendor Assurance
About Brooklyn Vendor Assurance – transforming Vendor Management
Brooklyn Vendor Assurance (BrooklynVA) is the first Enterprise SaaS software platform purpose-built for Vendor Managers to maximise business value across their 3rd Party Supplier ecosystem.
Today’s Best-in-Class Procurement functions are expanding beyond pure sourcing to post-contract vendor management, in order to lower costs, increase agility, drive innovation and reduce risk. BrooklynVA is the only integrated platform for doing this effectively at scale, to minimise the 10-15% of contract value leakage, lost annually from suppliers.
 
BrooklynVA surpasses legacy tools by digitising the entire vendor management lifecycle, to better control supplier obligations, performance and risk in one easy-to-use platform. Its AI-powered platform speeds up onboarding, risk-assessing and governing activities. BrooklynVA’s unique best practice policy-driven approach proactively guides vendor management teams with simple workflow to ensure obligations are met, risks mitigated and actions completed, with instant visibility of supplier performance, compliance and risk, across the full 3rd party ecosystem.
 
For further information please contact:
Saqib Rizvi, VP Sales

PIC invited to set international standards

We are delighted to be part of a major IACCM initiative to drive international commercial standards in one of the 4 themes of the PIC system - social value.

The collaborative effort is being driven by Tim Cummins, President of the IACCM and PIC is right at the heart of the discussions driving best practice. We are super delighted to annouce that the IACCM is endorsing the PIC system as the most comprehensive set of ideal standards seen to date. We can't wait to do more and contribute to the commercial standards. We'll be sure to encourage all the participants in the working group to apply for their PIC Rating.

 

Contact us to find out more about how we are blazing the trail in setting standards for positive impact commerce. At PIC, we are working with the IACCM, the UN Global Compact team, the World Economic Forum and the Global Reporting Inititiave to ensure the PIC Rating is lean and useful and built from a super-set of the best international thought leadership there is on commerce and sustainable value.