On Thursday, November 22, 2018 at Mercantile Club, Jakarta, IBCSD held the Seminar on Sustainable Sourcing. The objective of this seminar was to raise awareness of the importance of sustainable sourcing for business sustainability and climate action among business representatives as well as civil society. Also, in the event, knowledge, experience and information on existing activities done by companies and multi-stakeholder platform were shared, exchanged and discussed.

Business, as product and service provider, will face significant consequences when not addressing situation like rising costs due to increasing competition of scarce raw materials, uncertainty and supply disruption as a result of global climate change impacts, and increasing regulation. Sourcing, a pivotal part of production, has become an area of increasing focus for business globally, particularly procurement teams. It is imperative to ensure that the raw materials used in these products are sustainably sourced, reducing their negative impacts on people and the planet

It is expected that the capacities of key actors from private and public sector could be strengthen in order to develop and push forward integrated strategies for pursuing sustainable sourcing.

"Pursuing sustainable development makes companies more competitive, more resilient and adaptable in a fast-changing world, and more prepare for the future."