Enhancing Traceability and Transparency of Sustainable Value Chains
Drivers for Traceability and Transparency
Enhancing Traceability and Transparency of Sustainable Value Chains in the Garment and Footwear Industry
1. Drivers
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2. Actors/Enablers
Social forces
Civil Society
Market forces
II
V
III Regulatory forces
IV Technological forces
UNECE
THE
SUSTAINABILITY
PLEDGE
TRACK IT, TRACE IT, WEAR IT!
VI
Plays an increasing role in demanding greater scrutiny of private sector actors and in driving demand for more sustainable products
Consumers
•
Ready to pay a premium for
products with greater
transparency
Will boycott/punish products
and investors with opaque
credentials
III
Industry
Aware of reputational risk
Strive to be ahead of regulation
to reduce compliance risk
Sees opportunity in demand
growth for sustainable products
IV
Investors
Increasingly shifting their
portfolios towards ESG
investments
Wary of exposure to planetary
boundaries and stranded assets
Law makers
•
Responding to civil society demand for greater transparency and traceability
Technology
New digital and physical technological innovation reduce barriers and costs
United for greater traceability, transparency and
circularity in the garment and footwear sectorView entire presentation