This is actually a really well thought out, feasible, implementable idea. One aspect of leveraging impact to consider would be the supply chain impacts of the Transparency Index. I can certainly see valuable buy-in from stores who buy the products to want to show that they are ethically sourcing their products, and so would potentially buy in to the transparency index model. Some would likely then have a ‘minimum transparency rating’ policy in their procurement and compliance rules which would be a good avenue for impact as it then forces the producers to achieve that level of lose major contracts to competitors.
This is actually a really well thought out, feasible, implementable idea. One aspect of leveraging impact to consider would be the supply chain impacts of the Transparency Index. I can certainly see valuable buy-in from stores who buy the products to want to show that they are ethically sourcing their products, and so would potentially buy in to the transparency index model. Some would likely then have a ‘minimum transparency rating’ policy in their procurement and compliance rules which would be a good avenue for impact as it then forces the producers to achieve that level of lose major contracts to competitors.
Thanks! I like the idea of a ‘minimum transparency rating’ policy in the supply chain.