Integrating ESG Into Supplier Relations, Due Diligence, and Non-Financial Reporting
The demand for environmental and social accountability is growing. According to Dun & Bradstreet’s Compliance and Procurement Sentiment Report, environmental, social, and governance (ESG) rose dramatically as a topic of concern among survey participants. Consumers demand more than ever to do business with sustainable and ethical companies. Further, mandatory regulations vary greatly from country to country, meaning that both supply and compliance professionals need to stay on top of rapidly shifting global requirements. In Environmental, Social, and Governance Demands Take Center Stage, an eBook by Compliance Week and Dun & Bradstreet, you will learn how to incorporate ESG best practices into every level of your organization.
Manufacturing: How to Monitor and Assist Suppliers
In order to improve supply chains and supply chain transparency, mandatory vendor compliance programs are becoming the norm. Holding suppliers to environmental sustainability, financial integrity, and worker well-being standards is one component of a responsible sourcing program. A successful program is more than just conducting audits and taking corrective action. A comprehensive program addresses risk at multiple levels and requires cooperation from multiple stakeholders. You’ll learn how one consumer retail company is becoming a leader in supply chain management by not only instituting standards and policies internally but by assisting supply chain members to take more responsibility for their own compliance.
Internal Processes: How to Incorporate ESG Principles Into Internal Due Diligence
Greater attention placed on ESG concerns has led to the rise of non-financial reporting, wherein businesses are held accountable by shareholders, consumers, regulators, and business partners for their oversight of ESG issues. Top risks and disclosures include conflict minerals used within the supply chain, human trafficking and forced labor, equal pay, greenhouse gas emissions, environmental pollution, energy use, political contributions, and conflicts of interest. How can you ensure that not only are your supply chain and business partners complying with laws surrounding these issues, but that they share your organizational values and commitment to these risks and concerns? The eBook will outline how these issues can be incorporated into your existing due diligence processes with the right framework and due diligence data.
On a Global Scale: How to Keep Up with Regulations Around the World
Non-financial reporting has been described as “complex and overwhelming,” as it has evolved rapidly and unevenly in the last several years, with regulations, reporting, processes, and tools varying greatly by geographic area. A free online database run by the World Business Council for Sustainable Development examines the environmental, social, and sustainability reporting requirements and resources for 60 countries and more than 70 sectors, including United Nations requirements. Learn how regulations and provisions differ across countries and industries and what that means for your supply chain and compliance department.
How to Showcase Your Own Sustainability Work
Are you proud of the commitment your company has made to meeting ESG goals? Pressure on companies to disclose their ESG activity has given rise to reporting initiatives that provide information to investors about companies’ ESG efforts. One of those is the Dow Jones Sustainability Indices, the first global sustainability benchmarks that track the stock performance of the world’s leading companies in terms of economic, environmental, and social criteria. Learn how to earn recognition for your company’s hard work and where you stand among your peers.
For more information on these strategies and others, download and read the Compliance Week e-book: