Climate Change Impact
Companies are under pressure to mitigate the impact their business has on our climate. In order to do so, businesses need to shift their focus to include their supply chains, where the biggest climate risks and opportunities are found.
ESG Investing
Investors care about ESG more than ever before. Yet for many, the supply chain is overlooked, even though this is where 80% of sustainability impacts are found. To stand out in today’s competitive environment, you must have a compelling ESG story in hand, and that story includes the supply chain.
Human Rights
With an estimated 40 million people in conditions of slavery in the world today, companies face a significant risk of human rights violations in their extended supply chains.
Deforestation
Businesses want to know the products they produce aren’t contributing to deforestation. Nearly every global business has a responsible forestry commitment, but getting the data you need to achieve that goal can be a challenge.
Diversity
Diversity, equity, and inclusion (DEI) has become an influential topic in recent years. At the very least, consumers now expect brands to take a stand on social issues. Increasingly, they’re putting their dollars towards brands that commit to DEI throughout their entire business, including the supply chain.
Plastics
Single-use plastics have become ingrained in modern society. By 2040, more than 1.3 billion tons of plastic waste will be dumped into the environment. The circular economy holds the key to reducing plastic’s impact on the planet. Yet companies cannot meet their circular economy or materials reduction goals without considering the supply chain.