___________________________________________________________________________________________________ Sustainability
Knowledge
IS POWER
How companies can better leverage data-led solutions to drive sustainability across the supply chain
In today ’ s global economy , sustainability has transitioned from an optional to essential component of business strategy . The evidence for this is widespread , from new legislation on corporate sustainability requiring close attention to the fact that 90 percent of Russell 1000 firms produce annual ESG reports with ambitious social and environmental goals .
Despite many ESG-related demands and public commitments , translating these aims into real-world practices is often a challenging , long-term project . Attention is deepening on companies ’ operational practices , extending even to day-to-day sourcing activities .
The impact of media
As the media continues to report on brand and investor greenwashing , a recent study revealed a stark disconnect in the supply chain sector ; 40 percent of North American senior supply chain managers do not yet prioritize sustainability in their decision-making processes . Yet research shows that businesses could achieve up to 372 percent return on investment in supply chain sustainability activities , but skepticism about the benefits of integrating sustainability remains within procurement departments .
Apprehension continues even as new corporate responsibility laws take
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