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One of the biggest pushes in the last couple of years has been sustainability across all business models. You can walk down the aisles of any grocery store and you're bound to see product labels that boast ingredients that are sourced from sustainable suppliers and packaging that is recyclable and eco conscious.
For these products, there are clear ways to make sure that the old claims about sustainability are kept in the forefront of those who are looking for them. But what about those businesses that sell services? And what about vendors that offer their expertise as a
composite structure manufacturer? How are you supposed to tell which of your vendors lean more into sustainability than others? Just because a service based business doesn't have the same type of green designations as a product based business, it doesn't mean that carbon accounting should be forgotten about, nor that of their vendors. Let's take a look at how you can discuss the stability with your vendors so that you can understand better how they are giving back.
Before you engage in any type of professional services from a vendor, start talking about their sustainability and their ESG initiatives.Identifying supply chain risks and aligning their corporate values with yours will help you to be a better business owner. Engage vendors about their social and environmental responsibilities. You don't want to work with a vendor that doesn't treat their work as well, and you don't want to work with a vendor who doesn't have ethical stewardship policies. Do they measure their carbon impact and can they tell you how much the impact is applied to the goods or services they provide?
If this happens, and it probably will when you are shopping around for the right vendors for your business, you could switch to those who are more sustainable. That may require a shift in your management strategy or your procurement process, especially in manufacturing. If you want to make sure that your business is sustainable, then you should require your vendors to embrace their active commitment to environmental sustainability too. Where possible, you need to take an integrated approach instead of making silo decisions here.
If you're a property management company and you're currently working with a landscaping company, you may have some leverage in asking that landscaping company to switch to fertilizers and plants that are environmentally friendly or drought tolerant. Some companies would be willing to open their minds to making those changes, especially if the contract is big enough. If you can find ways that you can leverage other businesses in being more sustainable then you'll be able to push that sustainability agenda that you're trying to achieve with your customers.
Sustainability isn't something that you should ignore, so if you're working with outside vendors, make sure that their sustainability ideals align with yours.