Post by account_disabled on Feb 17, 2024 23:22:27 GMT -8
Increasing scrutiny of responsible business practices from shareholders, regulators and other stakeholders is driving a boom in environmental, social and governance (ESG) reporting. However, while organizations are making great strides in measuring their ESG impacts, many companies are still struggling to expand data collection across their value chains.
Being particularly relevant to integrate ESG Middle East Mobile Number List into the supply chain. Since it represents a significant barrier to the integration and effective preparation of ESG reports. For example, between 65% and 95% of an average company's Greenhouse Gas (GHG) emissions come from its contractors or suppliers, located in the supply chain.
Address GHG emissions from the supply chain
The supply chain comprises the network of people and companies involved in creating a product and delivering it to the consumer, including suppliers and contractors. Which have a huge impact on the most relevant metrics for companies to address the problem of GHG emissions.
Therefore companies that move the needle on ESG metrics in their supply chains can make significant progress toward their ESG goals. To facilitate this path, ISN recently published the results of its ISNetworld Sustainability Questionnaire: Environment, Society and Governance White Paper (2022).
Developed by sustainability professionals, this standardized and complete questionnaire has been answered by more than 22 thousand contractors and suppliers. The results shed light on key trends of integrating ESG into the supply chain and can help understand how to address ESG objectives from suppliers and contractors themselves.
suppliers-and-esg-
Lay the foundation for ESG data collection
The first findings show that integrating the supply chain with ESG is a long-term value proposition, which requires building deep and lasting relationships with suppliers and contractors. This will facilitate the collection of accurate and timely data around ESG objectives.
But even with strong relationships, it can be difficult to know where to start. ESG covers a wide range of issue areas, from Diversity, Equity, Inclusion and Belonging (DEIB) to water conservation. If the organization already has an ESG strategy and objectives, it is necessary to work backwards to identify which metrics are most important for suppliers and contractors to meet.
It is from the ESG strategy and objectives that you already have that you can begin to develop criteria to evaluate the progress of the partners. Only then will the organization be ready to start collecting relevant data from its partners.
Identify areas of focus and improvement for ESG
Ultimately, understanding the impact of integrating the supply chain to ESG requires working directly with your own suppliers and contractors. But general trends can provide a starting point for identifying possible areas of focus or improvement.
ISNetworld Sustainability Questionnaire covers responses from contractors and suppliers from 30 different industries, providing a comprehensive view of the state of ESG in the supply chain. Key findings include:
Environmental reports have important gaps to address
As companies across all sectors make environmental metrics a top priority, more than half of contractors and suppliers report that they have implemented an Environmental Management System (EMS) to help create policies and monitor their impact.
However, there are still significant gaps in the goals and metrics they are tracking. For example, only 18% of respondents said they have a company-wide plan to reduce GHG emissions, and only 9% said they track renewable energy consumption. Working with suppliers and contractors to develop objectives and improve monitoring in these and other underappreciated areas can have a major impact on achieving companies' ESG objectives.
Being particularly relevant to integrate ESG Middle East Mobile Number List into the supply chain. Since it represents a significant barrier to the integration and effective preparation of ESG reports. For example, between 65% and 95% of an average company's Greenhouse Gas (GHG) emissions come from its contractors or suppliers, located in the supply chain.
Address GHG emissions from the supply chain
The supply chain comprises the network of people and companies involved in creating a product and delivering it to the consumer, including suppliers and contractors. Which have a huge impact on the most relevant metrics for companies to address the problem of GHG emissions.
Therefore companies that move the needle on ESG metrics in their supply chains can make significant progress toward their ESG goals. To facilitate this path, ISN recently published the results of its ISNetworld Sustainability Questionnaire: Environment, Society and Governance White Paper (2022).
Developed by sustainability professionals, this standardized and complete questionnaire has been answered by more than 22 thousand contractors and suppliers. The results shed light on key trends of integrating ESG into the supply chain and can help understand how to address ESG objectives from suppliers and contractors themselves.
suppliers-and-esg-
Lay the foundation for ESG data collection
The first findings show that integrating the supply chain with ESG is a long-term value proposition, which requires building deep and lasting relationships with suppliers and contractors. This will facilitate the collection of accurate and timely data around ESG objectives.
But even with strong relationships, it can be difficult to know where to start. ESG covers a wide range of issue areas, from Diversity, Equity, Inclusion and Belonging (DEIB) to water conservation. If the organization already has an ESG strategy and objectives, it is necessary to work backwards to identify which metrics are most important for suppliers and contractors to meet.
It is from the ESG strategy and objectives that you already have that you can begin to develop criteria to evaluate the progress of the partners. Only then will the organization be ready to start collecting relevant data from its partners.
Identify areas of focus and improvement for ESG
Ultimately, understanding the impact of integrating the supply chain to ESG requires working directly with your own suppliers and contractors. But general trends can provide a starting point for identifying possible areas of focus or improvement.
ISNetworld Sustainability Questionnaire covers responses from contractors and suppliers from 30 different industries, providing a comprehensive view of the state of ESG in the supply chain. Key findings include:
Environmental reports have important gaps to address
As companies across all sectors make environmental metrics a top priority, more than half of contractors and suppliers report that they have implemented an Environmental Management System (EMS) to help create policies and monitor their impact.
However, there are still significant gaps in the goals and metrics they are tracking. For example, only 18% of respondents said they have a company-wide plan to reduce GHG emissions, and only 9% said they track renewable energy consumption. Working with suppliers and contractors to develop objectives and improve monitoring in these and other underappreciated areas can have a major impact on achieving companies' ESG objectives.