Supply Chain Sustainability
There is no doubt that sustainability now pervades every area of business, there are typically three elements to sustainability; social,
environmental, and economic issues. However the latter of these is now commonly replaced by many organisations with the governance
approach underpinning the first two, hence ESG.
The impacts are sustainable behaviours are typically recognised under three headings,
- People (social sustainability),
- Planet (environmental sustainability), and
- Profit, forward thinking organisations replace the profit motive with prosperity, which considers the wider benefits of economic sustainability beyond the direct organisational profit.
These risks are common in all supply chains and our approach to understanding the risks, identifying the markets of concern and performing
appropriate due diligence should be proportionate. The effective management of Sustainability through the supply chain reduces risk, improves
reputation, and attracts customers and investment.