Drive Supply Chain Innovation With Sustainability Mandates

May 5, 2023 EcoVadis EN


The obligation to comply with supply chain regulations from the EU Supply Chain Act to a draft of US supply chain due diligence laws is spurring firms to rethink sourcing, supply chain, manufacturing policies, and supporting applications. In addition, the US and the EU alone are currently spending $1.4 trillion on environmental sustainability and climate adaptation. There’s also $17.5 billion in VC funding for green tech, and the global market for green financial instruments is $658 billion. These regulatory and investment initiatives provide your firm with opportunities to reassess your supply chain to focus on enhancing sustainability of critical processes such as monitoring supplier labor practices and diversifying supplier geographical risk. 



Read the full article at: www.forrester.com

Read more...

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 150,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN
Previous Article
Porsche and Hydro unite to further decarbonize the supply chain of sportscars
Porsche and Hydro unite to further decarbonize the supply chain of sportscars

Porsche AG and Norsk Hydro ASA will work together to further reduce the carbon footprint of Porsche’s car m...

Next Article
EU parliament passes historic law forcing companies to track deforestation
EU parliament passes historic law forcing companies to track deforestation

A law passed by the European Parliament requires companies working in cattle, cocoa, coffee, palm oil, rubb...