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Sedex Annual General Meeting (AGM) 2023

Sedex’s 2023 Annual General Meeting (AGM) took place online on Tuesday 16 May 2023 at 12:00pm (BST).

We’re delighted to announce that all Resolutions presented to members at this year’s AGM were passed, with a minimum of 95% of votes in favour for each of 4 Resolutions.

The Sedex Chair, Steven Esom, and Sedex’s Chief Executive Officer, Jon Hancock, updated Sedex members about business progress over the past 12 months, and the business strategy for 2023.

Sedex’s Chief Financial Officer, Sonny Bangar, provided an overview of the audited accounts for 2022. Sedex’s Director of Member and Customer Relations, Allison Hudson, presented on the value Sedex’s new Strategy will deliver for members.

Members had the opportunity to vote on the Resolutions of the 2023 AGM, which included approving Sedex’s audited accounts for 2022 and approving changes to the Sedex Memorandum and Articles of Association.

View Sedex’s audited accounts for 2022 (approved by the Sedex Board and members) View our FAQs on the AGM and Resolutions

Sedex’s new Strategy: Becoming a leader in making global supply chains more socially and environmentally sustainable

Sedex recently launched an ambitious new Strategy that aims to empower our members to achieve their supply chain sustainability goals by providing cutting-edge solutions that support their efforts. It builds on Sedex’s established strengths of site-specific and scalable data tools, an integrated data platform, and supply chain assessment tools.

This is an exciting new chapter for Sedex – an opportunity for us to significantly enhance what our products and tools can do, and provide innovative solutions that help our members overcome the challenges they face in managing their supply chain sustainability risks.

We’ll be investing heavily in our platform, with a particular focus on delivering a smoother, more accessible user experience, better performance and improved stability.

We’ll also deliver actionable social and environmental data insights for members, alongside other data-driven solutions to support decision-making.

Our AGM this year included some resolutions to enable this Strategy and enable Sedex to receive external investment to fund it. We are delighted our members recognise the value of this and voted strongly in favour for these resolutions.

We look forward to delivering this vision for our members, providing the tools and services you have told us you want and need from Sedex. By continuing to build on our established strengths and investing in new innovation, we aim to remain at the forefront of the industry.

Delivering exceptional tools and services for you, our members

Through exceptional data, accessible tools, and services that make it easier for businesses to continuously improve their ESG outcomes, we’ll continue to be your critical partner for supply chain sustainability.

Faster, more accessible platform

  • Work on the new Sedex platform continues – delivering a smoother, more accessible user experience and better platform performance/stability
  • Improvements to features, processes and functionality across the platform reduce time and increase accuracy for a better user experience
  • Faster supplier/site onboarding and clearer admin dashboards

Actionable social and environmental data insights

  • Access key insights faster to make more informed decisions and take targeted action to drive improvements. We’re already developing platform features to highlight areas for attention, such as outstanding critical non-compliances.
  • Proactive risk management and prioritisation through data-driven insight.
  • A data-backed ratings solution to support decision-making and demonstrate sustainability performance.
  • Improving visibility of suppliers and sites deeper into supply chains.
  • Exploring partnerships and solutions to bring more relevant data and insights into the Sedex platform.

A dynamic suite of assessment tools

  • An improved Self-Assessment Questionnaire to capture key data points more accurately.
  • Supplier information verification (profile, SAQ) to increase data quality, accuracy and confidence.
  • Updating the SMETA methodology to increase detection of critical issues and drive improvement.
  • Alternative assessment options alongside a full on-site SMETA audit, e.g. worker survey, management system audit, topic audit, remote assessment.

Better value for supplier members

  • Quicker onboarding and shorter Self-Assessment Questionnaire for goods providers, easier to complete and more aligned with SMETA.
  • Training and guidance to drive improvements with highlighted opportunities to implement good practices “beyond compliance”.
  • More accessible tools and platform, with improved designs, clearer guidance/rationale.
  • Sedex Community – more virtual and in-person events to learn from peers and experts, share challenges and solutions in a “safe space”, and identify new partners.

Sedex Consulting: Bespoke, in-depth support to reach your sustainability goals

  • Expanding our Consulting team to offer tailored, dedicated support to more members, in more languages.
  • Upgrading our e-Learning platform, trainings, guidance and other learning opportunities.

Questions?

If you have any questions, please email us at communications@sedex.com

Sedex members can also refer back to the Sedex Community update and video of 14 February 2023 for more details.