Daily Newsletter

17 October 2024

Daily Newsletter

17 October 2024

ETI partners with Open Supply Hub for bolstering transparency

The Ethical Trade Initiative (ETI) has mandated its members to publish their tier-one supplier lists directly on Open Supply Hub, aiming to enhance transparency.

Shemona Safaya October 17 2024

ETI has announced that its members will be leveraging Open Supply Hub, a collaborative data-sharing platform, to publish their tier-one supplier information via the platform to improve accessibility and increase collaborative opportunities for impact.

This, the company emphasised, is part of its continued effort to improve transparency and drive progress on human rights in global supply chains.

Natalie Grillon, CEO and executive director at Open Supply Hub, emphasised the need for harmonised approaches to create safe and sustainable supply chains.

She noted that the way data is shared and leveraged is a critical part of powering that harmonisation, stating: "Ethical Trading Initiative is leading the way in this regard by mandating company members share their supply chain data on Open Supply Hub. This is a tangible commitment to making their corporate members’ supply chain disclosures as impactful as possible by ensuring their data is open and accessible, easy to layer over one another to find overlaps and opportunities, and available to potential collaborators within and outside of the ETI community."

ETI explained that transparency has been central to its strategy for the past decade, believing it to be integral for addressing human rights impacts in supply chains, through due diligence and collaboration.

According to the company, to carry out effective human rights due diligence (HRDD), ETI members need to be open about where they are sourcing from and the issues they find and to address these collaboratively, the members need to share this information, to know who else is sourcing from or working in the same places.

In 2021, ETI launched its Corporate Transparency Framework (CTF), which outlines public reporting requirements for its members, mandating them to disclose their efforts to mitigate human rights risks.

Recently, South Korean fashion giant ShinWon Corporation adopted the German sustainability compliance management service Retraced's platform to enhance sustainability throughout its supply chain.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close