To manage ESG, CSR and sustainability risks and avoid significant disruptions from violations, businesses must prioritise supply chain transparency
With Earth Day taking place on the 22nd of April this year, there is much for businesses to reflect on when it comes to ESG, CSR and sustainability. All of which are becoming increasingly significant issues for the supply chain.
Regardless of the best intentions to do the right thing and operate ethically, your organisation could be at risk of legal troubles and reputational damage without sufficient risk monitoring.
Whether it’s unethical practices, safety concerns, or pollution violations, any violation or compliance issue that arises at a supplier level can lead to significant disruptions in your supply chain.
With growing awareness of climate change and the increasing need for corporate responsibility, it’s essential for businesses to build upon their CSR, ESG and sustainability strategies.
Consequently, supply chain and procurement specialists must ensure their supply chains are transparent and free of any violations.
That’s why the ability to assess, monitor and report on the sustainability and ethicality of supply chains has become more important than ever.
