Sustainable Supply Chains

A company’s environmental and social footprint extends beyond its own operations, as a significant portion of that impact is caused by its supply chain. Understanding the ESG performance and ESG roadmap of your partners and suppliers is critical to achieving a meaningful and impactful sustainability journey.

Supply chain management is a critical component of any ESG strategy and transformation to drive impactful change that creates value for people and the planet.

KEY CLIENT CHALLENGES

Companies looking to get started typically face a number of challenges, including:

1. What happens if a supplier fails to meet our ESG standards? How can we identify and address these risks before they occur?
2. How do we integrate sustainability into our supplier selection process?
3. How do we assess our suppliers to ensure they are aligned with our ESG goals?
4. How can we maintain transparency and reporting throughout our supply chain, and effectively communicate our ESG progress to stakeholders?
5. Implementing ESG standards in a supply chain may involve additional costs. How can these be managed and justified to shareholders?
6. How do we ensure that our supply chain complies with local and international ESG regulations and laws?
7. How can we incentivise our suppliers to align with our ESG goals?
8. How can we use technology and digital tools to monitor and manage ESG performance in our supply chain?

Building a sustainable supply chain requires a multi-pronged approach – from developing internal policies to working with suppliers, using technology, and engaging stakeholders. Strong leadership is key to setting a clear vision for achieving the company’s ESG priorities. However, the rewards are substantial – better overall performance and profitability, and a positive contribution to people and the planet.