Sustainability is a confluence of social, ecological, and economic considerations. Leading organizations strive to enhance their supply chains’ agility and efficiency while also working to improve their sustainability — often experimenting with unique types of collaborations among suppliers and customers.
We believe that sustainability throughout the entire lifecycle of Dana products is critical to achieving our environmental objectives. Therefore, we invest in our people and ensure that our global purchasing teams engage in continuous learning and promotion of best sustainable practices through rigorous training and development programs.
This spirit of continuous improvement was recognized in 2020. Following assessment by the Chartered Institute of Procurement and Supply (CIPS) and an independent audit review, Dana was awarded a Certificate of Procurement Excellence, and became the first automotive company globally and the first company in North America to be awarded the CIPS Procurement Excellence standard.
Above and Beyond
We encourage our partners to create and grow their longterm environmental and social value by employing good governance practices and contributing to efforts that support the environment.
Dana believes that these extra efforts will deliver shareholder value, since greener supply chains will deliver benefits for both our business and the environment. Advantages include improving efficiency, reducing storage and treatment costs, gaining strategic insights, enhancing reputation, and building better community relations.
As such, Dana is focused on the following activities across its supply base:
- Ensuring compliance with laws and regulations and adhering to and supporting international principles for sustainable business conduct.
- Taking actions that result in better social, economic, and environmental impacts for society and our business.
- Managing and seeking to improve environmental, social, and economic performance with good governance throughout our supply chains to ensure companies also act in the interests of stakeholders, and the interests of society at large.
Ever-Vigilant Supply Base Monitoring
We work with multiple external third-party organizations to generate strategic insights across our purchasing processes and facilitate higher levels of collaboration with suppliers. This helps to enhance the sustainability performance of our supply chain, safeguard labor practices and human rights, and generate additional evaluation criteria that assists in positively impacting the global environment.
These platforms also support the identification and mitigation of supply chain threats encompassing financial risk, reputational risk, natural and man-made disasters, geopolitical risks, and cyber risks.
We ensure that a purchasing mindset of "total systems thinking," with a focus on process and results, cascades across the entire organization. At Dana, we factor in six key considerations to drive sustainability and social responsibility in every purchasing decision made.