“Our return to the Paris agreements will mean faster adoption of ESG standards and metrics for supply chains in order to comply with emerging regulations that require total disclosure and reporting,” says Vashistha. “Investments will be made in order to monitor sustainability risks of third parties – such as labor violations, employee discrimination or carbon emission non-compliance – to detect threats before they lead to major disruption. An additional driving factor will be reputation. Companies will want to be recognized as good stewards of the environment and engage and inform their customer base.”
When it comes to the supply chain overall, Biden's presidency is expected to lead to the return of a stronger "Visible Hand," according to Sylvain Guyoton, senior V-P of research at EcoVadis.
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