Tool 9 – The Future of Leadership
Tool 9 looks at the future beyond 2030 and how expectations will evolve for responsible sourcing.
It is likely that current trends in SP and responsible sourcing will intensify. These include:
- Increasing demands for transparency
- More comprehensive evaluation criteria for determining the sustainability of minerals and metals
- Further development of second party and third party auditing and certification systems
- Further application of sustainability criteria in the procurement practices of ICMM members
- Acknowledgement of the importance of minerals and metals for technological innovation and the sustainable benefits this enables
Step Guide
STEP
1
Read documented mega-trends and examine the risks and possible scenarios relevant to responsible sourcing
STEP
2
Look at the integration of sustainability into procurement processes
STEP
3
Identify partners to develop RSP programmes
STEP
4
Establish policy, goals and targets to reduce material impacts and enhance social and environmental benefits
STEP
5
Look at high standards of performance that can transfer to RSPs and can be progressively revised to drive improvement
STEP
6
Collaborate with suppliers to drive innovation, reduce impacts and optimise opportunities for improvement
STEP
7
Deepen relationships with RSP value chain partners to lead to innovative outcomes and greater value for participants
STEP
8
Share approaches, participation in purchasing networks and collaborative initiatives to identify ways to improve the sustainability of products and services
STEP
9
Collaborate between RSPs to share best practices and develop harmonised approaches on common issues
Mega-trends:
Organisations such as Rockefeller Foundation, the World Business Council for Sustainable Development (WBCSD), Shell or companies such as BASF, PwC and Frost & Sullivan have all looked at current trends and used this information to develop possible scenarios on what the world may look like in the future. The United Nations Environmental Outlook Reports and the Intergovernmental Panel on Climate Change’s scientific assessment reports inform of the challenges and trends related to environment and climate change.
Top Tips:
Figure 4 (p37) demonstrates the WBCSD vision for a closed-loop society where materials are continually cycled in the economy
Further Reading:
- World Energy Outlook 2014 report provides projections of energy trends through to 2040
- Vision 2050: The new agenda for business. The WBCSD report explains what must occur to make a sustainable planetary society possible
- World Economic Forum’s The Global Risk Report 2018
- ICMM’s Maximizing Value Guidance on implementing materials stewardship in the minerals and metals value chain discusses the ICMM’s position on materials stewardship