Executives Prioritizing ESG Efforts
June 9, 2021
unveiled a new executive survey which highlights how more companies are looking
to improve their Environmental, Social and Governance (ESG) goals. The survey
finds 79% of companies consider employee health and safety very important and
63% say reducing environmental footprint is very important.
The findings are included in Avetta’s technical paper, Extending ESG Best
Practices into the Supply Chain: A Review of Leading Organization Approaches.
One-out-of-four respondents plan to make ESG supply chain issues a part of their
organization’s program. The surveyed companies represent a variety of industries
such as facilities management, chemicals, construction, utilities,
telecommunications, transport, manufacturing, and food and beverages.
The pandemic has actually increased the importance of supply chains for many
corporations because 90% of their environmental footprint has been pushed into
their supply chain. The paper offers examples of companies that experienced ESG
risks, as well as best practices for adopting ESG into every aspect of a
Setting clear supply chain goals in reports, contracts and governance
Assessing, managing and monitoring ESG supply chain risks
Enhancing traceability, transparency and engagement with suppliers
“Avetta is excited to help our clients grow their supply chains to be greener,
more diverse and more inclusive,” said Arshad Matin, Avetta President and CEO.
“Our data shows that over a 10-year period, suppliers in our network experience
a 7% to 12% year-over-year decrease in safety incidents. We look forward to
continuing this successful trend in the ESG market.”
Matin led Avetta to join more than 9,500 companies in 145 countries that signed
the United Nations Global Compact in 2020, committing to ethical business
practices, transparency and protecting human rights.
survey also finds 87% say ESG in the supply chain is important—of which, 39%
marked it as very important. “While companies recognize the importance of
achieving sustainable outcomes, they are less likely to recognize that most of
that impact is in their supply chain. This reinstates that supply chain
sustainability should be integrated into the company’s broader ESG architecture
and not be isolated with the sole oversight of supply chain or procurement
functions,” concludes the paper.
The responses highlight the need for companies to have systems in place to
obtain and maintain ESG integration goals. For example, Avetta Connect™ helps
companies worldwide deploy new ESG methodologies across their entire supply
chain – increasing ESG visibility and delivering new ESG and sustainability
reporting. The Avetta Marketplace provides suppliers and contractors deep
discounts on safety and sustainability-related products and services.