Submitted by EcoVadis
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.
EcoVadis operates the 1st collaborative platform, allowing companies to assess the environmental and social performance of their global suppliers. EcoVadis combines technology and expertise to deliver simple and reliable "Suppliers Sustainability scorecards," covering 150 purchasing categories, 21 CSR indicators and 120 countries. EcoVadis ratings helps businesses, reduce risks and drive performance and innovation in their supply chain. More than 30 "Global 500" companies, have selected the EcoVadis solution, including Alstom, Axa, Accor, Air Liquide, Alcatel-Lucent, Atos Origin, Bouygues, Banca Monte Paschi di Siena, Orange, Lafarge, Renault, Schneider Electric, Umicore, and Veolia.
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