Paul Damaren’s Post

Discover the latest insights on rising ESG risks in sourcing markets, based on audit data from our industry-leading supply chain intelligence platform - EiQ. This year's report uncovers critical trends, including forced labour violations in key regions and declining transparency levels, even as regulatory focus intensifies. Enhance your responsible sourcing programme with the most up-to-date risk ratings, and don't miss out on this essential resource for navigating the complexities of global supply chains. Download now → https://lnkd.in/dZYyc3jv #LRQA #ESG #sustainability #supplychain

A new report from #Supplier.io, shows that most businesses face significant ESG risks, emphasizing the need for greater supply chain transparency to enhance resilience and sustainability. “#Supplier intelligence is critical as increasing evidence shows that ESG risks directly impact the bottom line," said #Aylin Basom, CEO of Supplier.io., in a statement. "Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats. Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. By shining a light on these pervasive issues, Supplier.io provides critical insights and empowers organizations to understand and benchmark areas of supply chain risk, strengthen mitigation strategies, and make progress towards improved supply chain resilience.” The report based on ESG risk assessment data spanning 11 industries, analyzed the data against sector relevant UN’s Sustainable Development Goals (SDGs) targets, while aligning with important materiality standards like the Global Reporting Initiative (#GRI) and Sustainability Accounting Standards Board (#SASB) to ensure objectivity and comparability. Supplier.io Blog – How best to drive Inventory Turns and Overall Supply Chain Optimization - https://lnkd.in/eznCcztw

🌟 Exploring the Critical Role of Sustainability Ratings in Supply Chain Risk Assessment 🌟 In today's interconnected world, assessing supply chain risks goes beyond traditional metrics. Sustainability ratings have emerged as indispensable tools in this realm, offering a comprehensive lens into environmental, social, and ethical practices of suppliers. Let's explore their critical role: ⚡ Environmental Risks: From resource scarcity to climate-related disruptions, sustainability ratings evaluate factors that impact our planet. 💼 Social Risks: Labor practices, human rights violations, and community relations can pose significant risks to operational continuity and brand reputation. 🔍 Ethical Risks: Transparency and responsible sourcing are paramount in today's business landscape. 💡 Platforms: Various platforms offer sustainability ratings tailored to different industries. For instance, EcoVadis assesses environmental, social, and ethical factors, while CDP focuses on carbon emissions and water usage. GRESB evaluates real estate and infrastructure portfolios for ESG performance. By integrating sustainability ratings into risk assessment, organizations can: 💰 Mitigate Financial Implications: Identify and address sustainability-related financial risks. 🔖 Protect Brand Reputation: Ensure brand integrity and trust among consumers and stakeholders. 🔗 Drive Long-term Value: Foster innovation, resilience, and sustainability across the supply chain. Let's harness the power of sustainability ratings to drive positive change and create a more sustainable future together! 💼🌱 #Sustainability #SupplyChainRisk #BusinessEthics 🌍

The Digital Supply Chain Institute (DSCI) and APQC have jointly conducted a survey to gather insights from 166 #supplychain leaders on the role of Environmental, Social, and Governance (#ESG) factors in managing their supply chains and relationships with suppliers. This report provides insights on the current state of ESG in #supplychainmanagement (SCM) and the emerging trends that will shape the future of the industry. Download the report here: https://lnkd.in/dQNeauWD

The Digital Supply Chain Institute (DSCI) and APQC have jointly conducted a survey to gather insights from #supplychain leaders on the role of Environmental, Social, and Governance (#ESG) factors in managing their supply chains and relationships with suppliers. This report provides insights on the current state of ESG in #supplychainmanagement (SCM) and the emerging trends that will shape the future of the industry. Download the full report here: https://lnkd.in/dQNeauWD

Should ESG risks in your supply chain be better evaluated? Research shows that supply chains account for an estimated 70-90% of a company’s negative ESG impacts. Don't miss this webinar focused on actionable insights. Tomorrow at 11am ET | 8am PT to learn how to make sure the rewards of ESG outweigh the risks: https://lnkd.in/es3jq8-u Philip Ideson and I will be joined by Alexandra Di Fabrizio, Laura Noonan, and Daniel Dorr who will answer live questions about: - The highest ESG risks - Leading risk mitigation strategies - How to highlight areas where suppliers excel in ESG performance Can't make it live? Register and we will send you a link to watch on demand! #ESG , #risk , #supplychain Art of Procurement Buyers Meeting Point Supplier.io Impak Analytics

Supplier intelligence is critical as increasing evidence shows that ESG risks directly impact the bottom line," said Aylin Basom, CEO of in a statement. "Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats. Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. #chemicallogistics #chemicalindustry #chemicaldistribution https://lnkd.in/dH3SFJJK

A new report from Supplier.io, shows that most businesses face significant ESG risks, emphasizing the need for greater supply chain transparency to enhance resilience and sustainability. “Supplier intelligence is critical as increasing evidence shows that ESG risks directly impact the bottom line," said Aylin Basom, CEO of Supplier.io., in a statement. "Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats. Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. By shining a light on these pervasive issues, Supplier.io provides critical insights and empowers organizations to understand and benchmark areas of supply chain risk, strengthen mitigation strategies, and make progress towards improved supply chain resilience.” #critical #role #scm #supplychainmanagement #sustainability #innovation

We’ve identified five key #SubTierRisks that can threaten compliance and jeopardize your organization’s ability to operate. These include: ▪ Material shortages and capacity constraints ▪ Unpredictable disruptions in the operating environment ▪ Increasingly complex supply bases ▪ New ESG regulations ▪ Unprecedented demand shifts Each of these challenges can significantly impact your supply chain, and without proper visibility and tools, they are difficult to manage. Check out the full strategic white paper for an in-depth analysis of these risks and how to address them: https://lnkd.in/eC4Nc_UP #MovingAsOne

DSCI and APQC conducted a survey to gather insights from supply chain leaders on ESG's role in managing their supply chains and supplier relationships. Read the full report to gain insights into the current state and emerging trends of ESG in supply chain management. https://bit.ly/3IxjKH6