The launch of THESIS celebrates four years of implementation of the THESIS Index*. Over a dozen organizations have used the Index, including Walmart, Amazon, Kroger, and Sprouts. These retailers represent over $200B in annual direct revenue, and perhaps close to $1 Trillion in overall reach.
On a 100-point scale, the 1446 consumer product manufacturers who participated in the 2018 THESIS Index* scored an average of 44.8. This represents a 30.5% improvement from the baseline year of 2016, when the average score was 34.3. In 2017 the average score was 38.6, so a linear improvement trend is emerging.
These increased Index scores largely represent increased transparency that product manufacturers have into their own global operations and increasing transparency into sustainability issues elsewhere in their value chain: product use, intermediate manufacturing, on-farm activities, and activities in fisheries and aquaculture. There is still significant room to improve however with supplier transparency around deforestation, transportation, product packaging, and product end-of-life and disposal.
For the third year in a row, a vast majority of product manufacturers who participated in the THESIS Index* reported that they made changes to products, packaging, internal or supply chain practices in order to improve their Index score. Of the 86% who reported making changes, 23% changed processes, 30% changed product or packaging design, 76% improved internal communication, 77% engaged suppliers, and 30% made more public disclosures.