Supplier Engagement And Schneider Electric’s Sustainability Journey

November 6, 2023 EcoVadis EN


Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. As corporations announce plans to be Net Zero across their end-to-end supply chain at some point in the future – often 2050 – they then need their suppliers to participate in helping them meet their goals. Corporations are kicking off these initiatives both because their customers expect it and because of increasing regulatory pressure. Increasingly, companies will take sustainability criteria into account in their purchasing decisions.

Large corporations often have thousands, sometimes tens of thousands, of direct material suppliers. Getting suppliers to participate is a gargantuan task. Increasingly, EcoVadis is becoming known as the go to organization to help corporations accelerate this journey to collect upstream supplier environmental, social, and governance data. 



Read the full article at: www.forbes.com

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 250 industries in 185 countries.

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