Global Sustainability Performance Holds, Despite Corporate Commitments to Create a More Responsible Economy

EcoVadis just released its annual Global CSR Risk and Performance Index. The report offers so much comprehensive insight into the supply chain global sustainability performance. Most interestingly, we are talking more than 30,000 companies worldwide.

Here’s what you need to know:

  1. Overall, despite global sustainability scores increasing since 2015, it appears they have plateaued.
  2. 68% of companies globally lack measures to promote diversity, equality and inclusion.

  3. The lowest scoring theme is “sustainable procurement” (or, what suppliers are doing about their own supply chain), which means visibility into sub-tiers is a serious risk area.

  4. The top performing regions for large companies are Europe and North America.

  5. Greater China is the lowest-scoring and highest-risk region.

Here’s why it matters:

When left unmanaged, the supply chain can expose organizations. As well as society to serious hidden risks. Those include most noteworthy slavery, forced labor, dangerous working conditions, environmental damage, corruption and more.

Here’s what you need to do:

First of all, Engage your suppliers. Your supply base is the single-most crucial lever for reducing risk and creating real, networked impact across the supply chain.

In conclusion, more than 75% of companies that were assessed at least twice by EcoVadis maintained or improved their score. Finally proving that sustainable procurement makes a difference!!

Published by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

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