HIP Investor works with Corporate Partners to guide their development of a comprehensive Supplier Scorecard. Our adaptable rubric for systematic analysis of a company’s inputs makes it possible (once incorporated with operating metrics) to understand your overall human impact.
Paul Herman co-developed the “Sustainability Index” and the resulting Supplier Scorecard for Walmart which has grown into The Sustainability Consortium - a conglomeration of four major retailers (Walmart, Safeway, Best Buy, Ahold), 34 manufacturers, and 9 universities that have developed a green product-labeling standard for products found on all of these retailers’ shelves. The Scorecard is currently applied to over 66,000 suppliers globally.
Our resulting Scorecards are a question template assessing a multi-stakeholder approach to incorporate ESG factors into supplier analysis. To learn more, please email us at Services@HIPinvestor.com.
To read more about Walmart’s supplier analysis, please see our FastCompany Face-Off, 11 Ways Walmart is Changing Retail, and this recent piece on SustainableBrands.com.
