Study Seeks to Better Understand How Companies Manage Supply Chains

EY Climate Change and Sustainability Services (CCaSS) have collaborated with the UN Global Compact on a study to better understand how companies are managing their supply chains in ways that support the objectives of the United Nations 2030 Agenda and Sustainable Development Goals (SDGs). The report studied seventy global companies that are embedding sustainability in their supply chains by managing risks and adopting new commitments around human rights, the environment and the well-being of communities in which they operate. The report is applicable to all companies since trends of disclosing environmental, social and governance practices are moving beyond a company’s gates and heading upstream to suppliers. The report can be reviewed here.

In an effort integrate supply chain sustainability for the concrete industry; NRMCA is collaborating with the Concrete Sustainability Council to develop a responsible sourcing certification program that is intended to help producers look at the bigger picture beyond compliance or within their own gate. The framework guides a producer into its upstream suppliers to evaluate practices, or the lack of, that could impact its long-term business sustainability. The intent of the program is to enhance supply chain transparency and elevate environmental, social and governance practices so that concrete producers can meet ongoing trends of supply chain sustainability or green building standards, such as LEED v4.

 

Considering and minimizing supply chain risks can lead to organization resilience, an important element of the Build with Strength campaign.