Promoting Human Rights And Environmental Sustainability: Integrating Ethics Into The Supply Chain

Companies of all sizes are increasingly scrutinized on adherence with Environmental, Social, and Governance ("ESG") metrics. In particular, manufacturers and customers at both ends of the supply chain are evaluated on metrics related to their ethics practices related to the promotion of human rights and environmental sustainability. A recent survey of over 500 executives found that 80% of supply chain executives are increasing their efforts toward sustainable supply chain operations with the goal of reducing risks, increasing innovation, and generating a stronger return on investment for their stakeholders. Understanding, documenting, and strengthening ESG metrics that promote an ethical supply chain will likely be key to a company's long-term viability. Applicable metrics include reducing environmental impacts, promoting sustainable practices, addressing labor rights, and combating modern slavery.