DLA Piper Consumer Goods, Food and Retail’s Post

Yesterday in collaboration with our long term partner, The Conduit, we hosted a panel discussion which focussed on how businesses in the consumer goods, food and retail (CGFR) sector can navigate today’s evolving ESG landscape. Our Global Co-Chair of the CGFR sector at DLA Piper, Nicholas Rock was joined by Georgina Camfield, Head of ESG – Aramark UK, David Pettet, Group Head of Sustainability – Nomad Foods and Piers Scholfield Director - Blakeney. Throughout the discussion, the panel explored and provided real life examples as to how to build resilient and transparent supply chains while strategically adapting to ESG demands, balancing sustainability against commercial priorities, and the actionable steps they are taking to lead with resilience. Drawing on findings from our extensive market research, involving consultations with 600 C-Suite executives, they also highlighted the delicate balance between regulation, sustainability, and growth.   So what were some of the key takeout's? 📌 Supply Chain Integrity: 67% of leaders are opting for sustainable suppliers via exclusivity agreements, emphasising quality over quantity in partnerships. 📌 Embedding Sustainability from the Top Down: To engage properly with sustainability, board executives need to understand the strategic implications and risks for the business. 📌 Big Data: For both sustainability reporting and supply chain due diligence obligations, businesses will need a huge amount of data on not only themselves but also their supply and value chains. The ability to collect, validate, manage and analyse all that data is vital.   If you missed this session, next Tuesday 26th November our team will be hosting our CGFR ESG Summit, with speakers set to share key findings from our recent research survey on how global organisations are embedding sustainable value beyond compliance – ensuring a stronger business for the long-term. To register your place and download a copy of our research, please follow the link below: https://lnkd.in/e6bx7ZTE #ESG #CSRD #Sustainability #Regulation

❓ How are Consumer Goods, Food & Retail companies responding to a new era of sustainability? 📰 DLA Piper has prepared a unique report on this very subject with insights from 600 C-Suite executives from across the sector. From an antitrust perspective, the following conclusions are especially notable: 📜 67% of leaders surveyed say they seek to lock in sustainable suppliers with exclusivity agreements, 🤝 collective actions taken against suppliers (eg coordinating a boycott of a certain, allegedly non-sustainable product or service) entail a high risk of falling foul of the applicable cartel rules, 🌋 market dominance may become more of a factor in day-to-day operations as sustainably procured resources become scarce, ☘ on top of the antitrust concerns, consumer protection authorities are getting more and more vigilant against “greenwashing” in marketing claims and securities disclosures, ❗ no wonder that 59 % of leaders surveyed are "concerned" about exposure to antitrust risk in the sustainability context. 👇 Click below to download your own report.

🌱Sustainability is at the top of everyone's agenda, particularly in the CGFR sector. This incredibly useful report shows this retaining priority, even while organisations have faced a number of other supply chain and other pressures recently. 💻With opportunity comes responsibility. CGFR firms are challenge to respond to the sheer volume of recent regulation. Our recent Tech Index also showed Technology can help ease this pressure, helping to find clever means of data access to feed into reporting requirements.

We are in a new era of sustainability. And it can be hard to navigate, especially for companies in the consumer goods, food and retail sector. DLA Piper has commissioned a report interviewing more than 600 people across the sector worldwide. And what did they say? Find out in the report here: https://lnkd.in/gvX3QnjV

How are Consumer Goods, Food & Retail companies responding to a new era of sustainability? Find out in our report, Making Sustainability Sustainable: Laying the foundations for future success. With insights from 600 C-Suite executives from across the sector, the data clearly shows that companies investing in understanding and addressing their environmental and social impacts now will likely benefit from enhanced risk management, increased consumer trust and a stronger competitive position in the future. It also illustrates why the new ESG business context is not just about compliance; it’s about seizing opportunities to strengthen business resilience and build long-term value through a whole of business long term sustainability strategy. Click here to download your own copy: https://lnkd.in/ezAt8Bs2 #Sustainability #ESG #ConsumerGoods #Food #Retail

Tough challenges often require extensive collaboration to address and take action. I am excited to share how this is happening in such a manner through The Consumer Goods Forum. KPMG is pleased to partner again with The Consumer Goods Forum on their 2023 Annual Review. ‘Accelerating The Pace of Change: From Action to Impact’ highlights progress across their 9 Coalitions of Action towards long-term sustainability. KPMG is proud and committed to its role in helping to achieve this impact and to working with our goods manufacturers and retailers in achieving a secure and sustainable future. #CGF2023Impact #Collaboration #foodwaste #foodsafety #healthierlives #humanrights #plasticwaste #productdata #sustainablesupplychain #netzero #KPMGConsumerAndRetail https://lnkd.in/eYSfWi27

In the food and beverage (F&B) sector, integrating Environmental, Social, and Governance (ESG) principles into your business strategy is a necessity for long-term success. To make your ESG action plan feasible, it is crucial to narrow down your ESG topics to what is most relevant to your business and stakeholders. With customers, investors, and employees becoming savvier, taking a 'wait-and-see' approach to ESG comes at a cost – both financially and reputationally. It could mean losing out on your competitive advantage, missing market expansion opportunities, or attracting regulatory scrutiny. We understand that navigating the sustainability landscape can be overwhelming, and we are here to help. The first step in an ESG journey is to level set and develop your strategy. We offer ESG Discovery sessions to identify and assess risks and opportunities. Through these sessions, we develop a custom roadmap tailored to your ESG goals, outlining strategic options and platforms for a competitive advantage. We also provide guidance on tracking and measuring your success. Don't wait until it's too late – reach out to Roopa Davé today to drive a sustainable value strategy, ensuring your business remains competitive and purpose-driven in an ever-evolving marketplace. Josh Hasdell https://bit.ly/4e5G3SB

We are excited to share that Dun & Bradstreet has been named Best ESG Supply Chain Data Provider at the ESG Insight Awards 2024 by ESG Insight, from A-Team Group! This award solidifies our commitment to providing data that reveals the resilience and corporate social responsibility within our clients' supply chains. We look forward to continuing to drive sustainable business practices and help our clients succeed in their ESG journeys 🚀 Explore the full list of winners in the ESG Insights Awards Report here. #ESGLeadership #ESGdata #SupplyChain #SupplyChainResilience #Sustainability #DataDriven #Innovation #DunandBradstreet #ESGIAwards

Does a supply chain with healthy #ESG translate to higher shareholder returns? Yes, according to research from Northwestern University - Kellogg School of Management. An analysis of news reports of “negative ESG events like labor violations or revelations of environmental harm—within publicly traded companies’ supply chains” found a strong correlation to future stock performance. The higher the number of negative articles about a company, the lower its stock price was over the following year. The researchers also identified what could be three built-in advantages for companies that prioritize environmentally and ethically healthy supply chains: 💪 Their supply chains are more stable and less prone to disruption. 💲 They tend to avoid costly reputational damage with consumers and investors. ⚖ They’re often ahead of the curve operationally when new regulations come into effect. Learn more ➡ https://lnkd.in/gMzZA22B

Is the retail industry prepared for the long-term impact of ESG trends? Join BearingPoint and the British Retail Consortium (BRC) for an insightful webinar where we’ll explore how retailers can better prepare for the future in an increasingly complex ESG landscape. Did you know: 📗 43% of retailers have not considered the impact of future ESG macro trends over a 10/20/30-year timeframe? 📗 65% stated their business model hadn’t changed, despite recognising sustainability as a key business driver? Retailers must assess whether they have the right strategy in place to navigate these critical shifts in the long-term. Our experts will provide actionable insights on what you need to know and how to align your strategy with the changing environmental, social, and governance (ESG) landscape. Stuart Higgins FCILT CMC FIC | Claire Wallis🌟| Richard Walters | Margaux Moro 🔗 Register here: https://lnkd.in/eKZWxyGa #CAW2024 #Retail #Sustainability #ESG #BusinessStrategy #FutureTrends