SUSTAINABILITY
T
here can be little doubt that the ever evolving supply chain regulatory landscape makes it challenging for organisations to keep pace with changing laws around ESG requirements .
The companies most at risk are those that lack the technical resources and human capital to comply with changing regulations .
Julia Salant is General Solution Manager , Carbon , with EcoVadis , a global provider of sustainability ratings and assessments for companies , based on their environmental , social , and ethical performance .
The company provides a platform for businesses to measure , monitor , and improve their sustainability practices , with the goal of promoting sustainable supply chains and reducing environmental and social risks .
One thorny problem says Salant is that many companies have neither the technical resources nor human capital needed to comply with new and evolving regulations .
“ It is challenging for companies to ensure their suppliers are complying with every new regulation ,” says Salant , who adds : “ Many struggle to assess even top-tier suppliers .”
She says the only solution for companies who want to be confident in their supply chain due diligence is to invest in supply chain ESG monitoring tools . For the fact is , due diligence involves multiple aspects of equal importance .
Gaziantep , Turkey : Syrian refguees trying to survive in Turkey work for minimum wages
CREDIT : CHRIS MCGRATH / GETTY IMAGES
80 November 2023