ESG In Supplier Management
ESG is the acronym used for Environmental, Social, and (Corporate) Governance. These three areas are key factors when measuring the sustainability and ethical impact of a company’s operations and these are evaluated by socially responsible investors to screen potential investments.
KPMG, a multinational professional services network, has reported that:
- Consumers are increasingly choosing brands for their ethical behaviour and their record on climate change.
- Investors are favouring businesses with robust ESG frameworks implemented.
- Governments are implementing regulations requiring organisations to increase transparency in areas such as carbon emissions, modern slavery, diversity, and equal pay.
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