Sustainable Supply Chains

A large part of your company’s environmental footprint and social impact is in the supply chain. Therefore, your company’s sustainability journey requires a full understanding of the ESG performance and sustainability roadmap of your partners and suppliers. Supply chain management is therefore a critical component of any sustainability 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 risks do we face if a supplier fails to meet our ESG standards? How can we proactively identify and mitigate these risks?
2. Stakeholder Engagement: How can we integrate or embed sustainability as part of our procurement process?
3. Supplier due diligence: How do we conduct due diligence on our suppliers to ensure that they comply with our ESG efforts?
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 incur additional costs. How can these be managed and justified to shareholders?
6. Regulatory Compliance: How can we ensure that our supply chain complies with local and international ESG-related regulations and laws?
7. Incentivisation: How can we incentivise our suppliers to align with our ESG goals and objectives?
8. Technology Integration: How can we leverage technology and digital tools to monitor and manage ESG performance in our supply chain?

Addressing these challenges often requires a combination of internal policy development, supplier engagement, investment in new technologies or systems, and close collaboration with stakeholders. It requires strong leadership to develop and implement a clear vision for the company’s ESG priorities.

By addressing these challenges and seeking expert advice, companies can not only secure a competitive advantage, but also make a positive contribution to the environment and society.