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.
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