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Press Release: STTI a united force for more responsible purchasing practices
Time:2023-11-15 13:36:53    Source:Website
 
After kicking off their cooperation in 2021 as the first supplier led initiative on purchasing practices, STTI has just celebrated their 10th working group meeting in Guangdong China. What many deemed a short  lived response to the poor purchasing practices during COVID, has thus turned into a long standing cooperation, still uniting manufacturers globally around responsible purchasing practices. 
When the initiative kicked off their cooperation with STTI’s  white paper, they clearly communicated their hopes for the future of the sector. While the COVID pandemic that shed light on the poor purchasing practices  has ended, new pressures on purchasing practices arise. The Russian-Ukrainian war and its effects on energy prices, inflation and recession in many consumer markets and high raw material costs, put persistent pressure on prices. 
Chaired by STTI Member CNTAC STTI  discussed their individual responses to these pressures and reconfirmed their commitment to pushing for systemic change as a group.

After 2 years of commitment STTI is being globally recognized as the only manufacturer led initiative on purchasing practices and has strengthened its cooperation with a number of brands and Multi-Stakeholder groups, collecting buy in from relevant stakeholders for an agenda for change. While some sustainability challenges require national or even factory specific approaches, purchasing practices require systemic change. To foster an upward spiral instead of a vicious downward cycle, STTI will remain committed to seek conversations with other stakeholders as a group. 

One issue that currently remains unsolved is a lack of accountability when it comes to commitments around better purchasing practices. STTI thus adds trust-building and transparency with the sector on purchasing practices commitments to their list of priorities for the near future.
Another priority concerns changes in the legislative landscape. The group remains alert to policy changes that acknowledge responsible purchasing practices as a key element of  due diligence, ultimately allowing manufacturers to run socially, environmentally and economically sustainable businesses. STTI thus decided to next meet at the OECD Garment and Textile Forum in late February 2023. The group will seek exchange with policy makers, buyers and other stakeholders alike.
The initiative also celebrated receiving the International Textile Manufacturing Federation’s (ITMF) award for international cooperation on responsible purchasing practices on 5th of November. This event acknowledges the attention needed for a unified approach to responsible purchasing practices. STTI will stay committed to this objective or as STTI Member and IAF President Cem Altan said: “Manufacturer’s can’t act green, when in the red”
 
 
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