Vodafone is launching a sustainable supply chain finance programme for its suppliers, working with environmental metrics provider CDP.
The programme will initially be offered to suppliers enrolled in Vodafone’s supply chain finance programme with Citi, but Vodafone said it will open the framework to a wider variety of suppliers and their supply chain financing providers later this year.
CDP and Vodafone have jointly developed a framework consisting of 12 criteria from a survey that CDP already undertakes with suppliers. Vodafone suppliers will be invited to share their environmental performance score with their supply chain finance provider and will have the opportunity to receive preferential financing rates based on their ranking.
Vodafone is known to work with multiple supply chain finance providers, including Taulia.
In a statement, CDP said it plans to make a template of the framework available to other players in the telecoms sector with a view to driving industry-wide adoption of the model.
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