Submitted by: EcoVadis
Posted: Mar 26, 2020 – 08:00 AM EST
Mar. 26 /CSRwire/ - Pressure is mounting for companies to add value to society.
Sustainability leaders and C-suite execs are on the hot seat - and not only those making public commitments like UN Global Compact, the SDGs, SBTi, “net zero” pledges, and the like. Demands for inclusive capitalism and a more purposeful economy are echoing across the globe, and into every corporate boardroom.
Many see the current coronavirus crisis as a test of both resilience and corporate purpose. Corporations are being tasked to prioritize long-term, sustainable value, and many leaders have found a powerful lever: the supply chain.
The Substance of Purpose, a new eBook presented by EcoVadis, takes a deep look at supply chain sustainability’s essential role in driving corporate commitments to serve society while enhancing growth, brand, and valuation.
Key takeaways include:
Most companies spend 50-70% of revenue in their supply chain - savvy exec teams collaborate on sustainable procurement to create impact.
Sustainable procurement programs lead to risk mitigation, improved procurement metrics, cost savings, and innovation.
There’s a $12tn opportunity linked to achieving the SDGs - visionary CEOs and their teams, like those who spoke about “the responsibility of CEOs” at the recent Sustain 2020 event, recognize sustainable supply chains as a key value driver.
Begin mapping out your sustainable supply chain strategy today, to build resilience and drive impact tomorrow.
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