Using ESG (Environmental, Social, Governance) as a business metric isn’t just a trend; the world has changed significantly and companies are playing catch up. Climate change, Covid-19, unprecedented media transparency, resource constraints and demographic fluctuations challenge the stability of even the longest-established enterprises.
Now, traditional financial data and sourcing strategies aren’t enough. They can’t provide a clear enough picture on whether to enlist particular suppliers. That’s why we can’t define ESG simply as a way to encourage greater social consciousness in commerce. It needs to be a valued source of information, used strategically to make better partnership decisions.
Procurement and supply management leaders are in a good position to turn ESG data and metrics into competitive advantage. And there’s a direct link between a company’s ESG rankings and overall performance – a striking insight, invaluable in efforts to strengthen supply network resilience following the pandemic.
In this webinar, experts from Dun & Bradstreet – a leading global provider of business decisioning data and analytics – explore…
why ESG is important for suppliers and supply-chain management
how you can obtain and use ESG metrics to evaluate and select the right suppliers
how ‘ethical sourcing’ moderates supplier onboarding costs and promotes healthy competition
how new data types are compiling ESG rankings that create fuller, more useful supplier profiles