The Challenge

Patagonia uses blockchain technology to trace the origin of its wool and verify ethical sourcing practices. This commitment to transparency in its supply chain reinforces Patagonia’s dedication to sustainability and fosters trust among environmentally conscious consumers.

New technologies have emerged that allow retailers to accurately track and verify sustainable and ethical practices throughout the supply chain. Tools like blockchain and IoT sensors are being used by retailers to monitor product provenance, ensure fair labour practices, and promote environmental sustainability that enhances transparency and accountability across operations.

The Solution

Capsifi adopts a multi-pronged approach to this challenge:

Integrating ESG policies and objectives into the strategic purpose of the organization to provide a direct line of sight into your operating model.
Creating ESG-focused assessments to place a sustainability and ethical lens over your organization’s entire operating model. This ensures that customer and supplier demand for socially responsible products are not only met but also mirrored by your organization.

Here’s some practical ways the Capsifi platform can address and resolve these industry-wide challenges:

Integrate ESG policies and objectives into the strategic purpose of your organization and demonstrate traceability from these into initiatives within your operating model, for example, supply chain value streams
Develop ESG-specific assessments that can be applied to various elements of your operating model to establish a profile of ESG awareness and compliance internally