About HSPI
The Hospitality Sustainable Purchasing Index (HSPI) is a web-based industry wide purchasing database that comprehensively measures and reports on the corporate social responsibility, environmental, and product sustainability performance of suppliers.
MindClick SGM's existing Sustainability Performance Index is the basis of HSPI and will be customized by the Consortium to provide a sustainable purchasing solution for hospitality.
How HSPI Will Work
Suppliers will complete web-based questionnaires covering the categories of Corporate Social Responsibility, Environmental (carbon, energy, water, waste) and Product Sustainability.
Upon completion, suppliers will receive performance ratings in each of the categories individually and in aggregate, along with detailed explanation of the reasons for the scores received.
Subscribers to HSPI will obtain access to a comprehensive web-based reporting system of the sustainability of suppliers and their products.
Results of all suppliers in a given category will be aggregated and evaluated to determine category average and best in class scores, which will then used by subscribers to conduct comparative evaluations.
Hotel brands will be able to set minimum performance level standards by product category for use by all purchasing stakeholders.
Suppliers will obtain a clear understanding of the sustainability performance criteria of most importance and can focus efforts to maximize performance accordingly.
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