This year has proven complex for organizations and their supply chains as they adapt to an ever-changing landscape filled with new risks and volatilities.
Forward-thinking leaders are turning to sustainability as the solution for building long-term resiliency and ROI. The recently released EcoVadis Business Sustainability Risk & Performance Index shows there is additional work to be done in the journey toward more sustainable business.
Shining the Spotlight on Sustainable Procurement
The index provides the most comprehensive view on the sustainability performance of supply chains around the world. It analyzes data from 65,000 assessments of more than 40,000 companies across nine industry sectors, five geographic regions and four assessment themes: environment, labor and human rights, ethics and sustainable procurement (which goes beyond a company’s own performance to measure how well they are addressing key sustainability issues within their supply chain).
Over the last five years, all theme scores have increased by at least 9%, except for sustainable procurement. In fact, sustainable procurement falls at the opposite end of the spectrum, increasing only 1% since 2015 and decreasing slightly since last year’s report.
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