Environmental, social, and corporate governance (ESG) policies have gone from being a "good to have" to being essential as a result of increased global awareness of and discussion about climate change and sustainability.
Companies are under increasing pressure to step up their sustainability efforts, and the supply chain is a hotspot for social and environmental impact.
A guaranteed method to increase corporate productivity and improve sustainability is to train procurement and supply chain management professionals on ESG skills and competencies.
Up to 90% of greenhouse gas emissions and other environmental effects, according to a McKinsey & Company analysis, are caused by the supply chains of consumer companies. As a result, the supply chain has the potential to significantly improve sustainability performance.
Senior business leaders are further encouraged to immediately reconsider their approach to value chain management by current and impending regulatory requirements.
The Non-Financial Reporting Directive of the European Union currently mandates sustainability reporting for large corporations, and the European Commission, the executive branch of the union, is soon anticipated to introduce new regulations pertaining to sustainable corporate governance.
These regulations raise the bar for value chain risk and compliance by requiring corporations to include sustainability into their operations and supply chain plans.
Find out if your supply chain is set up for success, and more on Supply chain resilience and upcoming ESG regulation on 30th - 31st may, 2023 at the Supply Chain Risk and Resilience Forum, in Berlin, Germany so you don't feel left out in the industry!
To register or learn more about the Forum please check here: https://bit.ly/3DsfWE4
For more information and group participation, contact us: [email protected]
