The past year has transformed the way we perceive Environmental, Social and Governance (ESG) risks in global supply chains. From ongoing global unrest, to evolving due diligence laws and increasing climate threats, this year exposed ongoing gaps in responsible sourcing programmes, but with new patterns to the trends.
This 'Lead the way' report highlights how climate strategies and human rights are now interconnected for example, as well as the importance of new and existing due diligence laws, such as the recently confirmed Corporate Sustainability Due Diligence Directive (CSDDD).
2023 also saw increased scrutiny on US domestic suppliers for labour malpractices, challenging assumptions about high-risk areas. The report advocates for worker voice integration, enhanced traceability, and supply chain risk mapping tailored to specific risks.
Alongside 2023 trends, the report also advises how companies should adjust their strategies to adapt for the coming year. Explore the top seven trends fully and learn how to proactively address risks in 2024.