“ More and more companies are being asked to measure and report on their supply chain sustainability metrics ”
BIGGEST ESG CHALLENGES FACING SUPPLY CHAINS ?
» New regulations and reporting standards are placing demands on companies for more-credible corporate disclosures , which are linked to the risk of potential fines for non-compliance of existing or incoming ESG legislation .
This is coupled with an increasing customer awareness of sustainability themes , high expectations from new and existing employees to work for and with ethical companies , and the need to demonstrate solid ESG credentials in stakeholder management and investment raising .
More and more companies are being asked to measure and report on their supply chain sustainability metrics .
HOW DO YOU HELP FIRMS OVERCOME THESE CHALLENGES ?
» By increasing end-to-end supply chain transparency , and by exploring risk with all third parties , by interrogating that risk and by collaborating with third parties to elevate standards and protect businesses .
Originally , we focused on governance and anti-bribery risks but our platform and approach has developed handin-hand with our clients and their third parties off the back of their real-world needs , which is why we focus on risks across the ESG spectrum .
HOW DOES THE GERMAN SUPPLY CHAIN ACT CHANGE THINGS ?
» This came into effect at the beginning of the year and affects all companies doing business in Germany , as well as their direct and indirect suppliers .
Companies with more than 3,000 employees must comply with the Law , with firms of over 1,000 employees being included from early 2024 .
It applies to the entire value chain and specifies how companies must
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