Angela Hultberg’s Post

Why Ethical and Sustainable Supply Chains Are Crucial for Todays Businesses https://buff.ly/3ygFx3J via Tom Raftery of @tomraftery on Thinkers360 #Manufacturing #SupplyChain #Sustainability

The recent passing of the Corporate Sustainability Due Diligence Directive (CSDDD) legislation marks a historic milestone for businesses and their supply chains globally. This new directive represents not just a shift but a significant leap towards truly sustainable and responsible business practices. Why is the CSDDD a game changer for sustainable supply chains? 1. Enhanced Transparency: The CSDDD mandates companies to conduct thorough due diligence on their supply chains. This means greater transparency in operations, pushing companies to uncover and address environmental and social risks. For businesses committed to sustainability, this provides a structured framework to showcase their efforts and drive real change. 2. Level Playing Field: One of the challenges in adopting sustainable practices has been the uneven playing field, where companies bearing the cost of sustainability could be at a competitive disadvantage. The CSDDD levels this field, ensuring that all players adhere to the same high standards of environmental and social responsibility. 3. Risk Mitigation: By requiring companies to identify, prevent, and mitigate human rights and environmental risks in their supply chains, the CSDDD significantly reduces potential legal, reputational, and financial risks. This proactive approach is not only good for the planet and people but also a smart business strategy. 4. Stakeholder Confidence: Consumers, investors, and partners are increasingly demanding sustainable practices. The CSDDD provides a clear framework that companies can use to demonstrate their commitment to sustainability, thereby boosting stakeholder confidence and potentially driving better business outcomes. 5. Innovation and Collaboration: The directive encourages innovation in sustainable practices and technologies. It also promotes collaboration between businesses, suppliers, and other stakeholders to improve sustainability performance throughout the supply chain. The passage of the CSDDD is a clear signal that the era of voluntary sustainability is evolving into an era of accountability and action. It's an acknowledgment that for business to thrive long-term, it must not only generate economic value but also uphold environmental integrity and social justice. As professionals in the supply chain, sustainability, or corporate governance sectors, this legislation offers us an unprecedented opportunity to lead the way in building a more sustainable, equitable, and resilient future. 🙌🏾 The journey towards sustainable supply chains is complex, but with the CSDDD, we have a clearer map and a shared direction. Here's to a sustainable future, powered by responsible supply chains! #supplychain #sustainability #circulareconomy

The extent to which organisations worldwide are prioritising and achieving sustainable performance is coming under increasing scrutiny from their consumers, investors, and business partners - so how can organisations ensure that their sustainability commitments go beyond being simply words on paper? In our new insights piece, ''The Business Value of Supply Chain Due Diligence: Sustainability Commitments, Regulatory Compliance, and Operational Efficiencies', Anthesis Executive Director Erin McVeigh, Associate Director Claire Bosch Zuazo, and Principal Consultants Ranier Ford and Karen Hamilton (Gilsdorf) explore how supply chain due diligence can enable organisations to uphold their sustainability commitments by understanding risks and gaps in responsible sourcing, and how to take action in these areas. Read the full piece here: https://lnkd.in/gdzkYust #SupplyChain #Sustainability #DueDiligence #SustainabilityReporting #SustainablePerformance

🌍In today’s rapidly evolving regulatory landscape, intelligent companies are setting new standards in 🔗supply chain management through robust collaboration and rigorous due diligence. We explore how these practices, driven by legislative frameworks like the Corporate Sustainability Due Diligence Directive (CSDDD) and the Swiss Due Diligence and Transparency Ordinance, not only mitigate risks but also enhance a company’s reputation and financial growth. 💡 Key Insights: Regulatory Compliance: CSDDD and Swiss ordinances mandate due diligence in sourcing, requiring businesses to address human rights and environmental impacts. Responsible Sourcing: Companies must prioritize ethical standards alongside cost and convenience in their supply chains. Leadership in Action: Successful due diligence involves clear policies, risk assessments, mitigation strategies, continuous monitoring, transparent communication, and effective remediation. 💬 Quote to Remember: "Intelligent businesses are those that work closely with their upstream and downstream partners to build responsible and sustainable value chains.“ 🔍 Find out more about how intelligent businesses are forging robust external collaborations and setting new industry standards for a sustainable future. #PwCSwitzerland #DiscloseMagazine #IntelligentBusiness #Sustainability #ValueChainManagement #SupplyChain #DueDiligence #BusinessGrowth

🌍In today’s rapidly evolving regulatory landscape, intelligent companies are setting new standards in 🔗supply chain management through robust collaboration and rigorous due diligence. We explore how these practices, driven by legislative frameworks like the Corporate Sustainability Due Diligence Directive (CSDDD) and the Swiss Due Diligence and Transparency Ordinance, not only mitigate risks but also enhance a company’s reputation and financial growth. 💡 Key Insights: Regulatory Compliance: CSDDD and Swiss ordinances mandate due diligence in sourcing, requiring businesses to address human rights and environmental impacts. Responsible Sourcing: Companies must prioritize ethical standards alongside cost and convenience in their supply chains. Leadership in Action: Successful due diligence involves clear policies, risk assessments, mitigation strategies, continuous monitoring, transparent communication, and effective remediation. 💬 Quote to Remember: "Intelligent businesses are those that work closely with their upstream and downstream partners to build responsible and sustainable value chains.“ 🔍 Find out more about how intelligent businesses are forging robust external collaborations and setting new industry standards for a sustainable future. #PwCSwitzerland #DiscloseMagazine #IntelligentBusiness #Sustainability #ValueChainManagement #SupplyChain #DueDiligence #BusinessGrowth

🌍In today’s rapidly evolving regulatory landscape, intelligent companies are setting new standards in 🔗supply chain management through robust collaboration and rigorous due diligence. We explore how these practices, driven by legislative frameworks like the Corporate Sustainability Due Diligence Directive (CSDDD) and the Swiss Due Diligence and Transparency Ordinance, not only mitigate risks but also enhance a company’s reputation and financial growth. 💡 Key Insights: Regulatory Compliance: CSDDD and Swiss ordinances mandate due diligence in sourcing, requiring businesses to address human rights and environmental impacts. Responsible Sourcing: Companies must prioritize ethical standards alongside cost and convenience in their supply chains. Leadership in Action: Successful due diligence involves clear policies, risk assessments, mitigation strategies, continuous monitoring, transparent communication, and effective remediation. 💬 Quote to Remember: "Intelligent businesses are those that work closely with their upstream and downstream partners to build responsible and sustainable value chains.“ 🔍 Find out more about how intelligent businesses are forging robust external collaborations and setting new industry standards for a sustainable future. #PwCSwitzerland #DiscloseMagazine #IntelligentBusiness #Sustainability #ValueChainManagement #SupplyChain #DueDiligence #BusinessGrowth

🌍In today’s rapidly evolving regulatory landscape, intelligent companies are setting new standards in 🔗supply chain management through robust collaboration and rigorous due diligence. We explore how these practices, driven by legislative frameworks like the Corporate Sustainability Due Diligence Directive (CSDDD) and the Swiss Due Diligence and Transparency Ordinance, not only mitigate risks but also enhance a company’s reputation and financial growth. 💡 Key Insights: Regulatory Compliance: CSDDD and Swiss ordinances mandate due diligence in sourcing, requiring businesses to address human rights and environmental impacts. Responsible Sourcing: Companies must prioritize ethical standards alongside cost and convenience in their supply chains. Leadership in Action: Successful due diligence involves clear policies, risk assessments, mitigation strategies, continuous monitoring, transparent communication, and effective remediation. 💬 Quote to Remember: "Intelligent businesses are those that work closely with their upstream and downstream partners to build responsible and sustainable value chains.“ 🔍 Find out more about how intelligent businesses are forging robust external collaborations and setting new industry standards for a sustainable future. #PwCSwitzerland #DiscloseMagazine #IntelligentBusiness #Sustainability #ValueChainManagement #SupplyChain #DueDiligence #BusinessGrowth

The Corporate Sustainability Due Diligence Directive (CSDDD) is like a gust of fresh wind sweeping through the intricate labyrinth of global supply chains. Let’s unravel why it’s a game changer: **#ClearingtheFog: Supply chains resemble mazes with hidden corners. The CSDDD shines a spotlight, revealing every twist and turn. It’s the map we’ve been waiting for. #BenchmarkingExcellence: Imagine a marathon where every runner knows the finish line. The CSDDD sets strong benchmarks for due diligence. Companies can’t just jog; they must sprint toward sustainability. #SubcontractorSpotlight: Often, subcontractors toil in shadows. The CSDDD pulls them into the spotlight. Now, companies must ensure their subcontractors dance to the same eco-friendly tune. #GameTheoryNavigation: Picture supply chains as chessboards. Each move affects the entire game. Using Game Theory, businesses strategize: “How do we win while ensuring fair play?” #TheCSDDD adds #new pieces—#humanrights, environmental impact, and climate goals. **The 1.5°C #Challenge: Companies used to sip lukewarm coffee on climate change. Not anymore.The CSDDD hands them a steaming cup: “Your business model must align with limiting global warming to 1.5. C. **Civil Liability Regime: The CSDDD isn’t a gentle nudge; it’s a firm handshake. Companies face civil liability for damages. Penalties loom—up to 5% of global turnover. It’s like a referee saying, “Play fair or pay the price.” **Supply Chain Rethink: CEOs huddle in boardrooms. “How do we weave sustainability into our DNA?”. The CSDDD whispers: “Revise strategies. Reimagine supply chains. Be the change.” **Ethical Consumerism Spotlight: Shoppers now wield ethical magnifying glasses. They scrutinize supply chains. The CSDDD nudges companies: “Your choices ripple through hearts and wallets.” **The Ripple Effect: Imagine dropping a pebble in a pond. Ripples spread. The CSDDD’s impact? It’s the pebble—the ripple effect reaches suppliers, partners, and beyond. **The New Chapter: The CSDDD writes a fresh chapter in the supply chain saga.It’s not just about profit margins; it’s about purpose. Companies flip the page, eyes wide open. Sustainability isn’t a buzzword; it’s the plot twist. So, fellow corporate players, let’s roll the dice. The CSDDD reshuffles the deck. Sustainable supply chains? It’s not a bonus level; it’s the main quest. 🌍🔍🌱 #circulareconomy #supplychain #sustainable #valuechain

Supply chain Due Diligence is a continuous process of identification, mitigation and management of risk as well as annual disclosures. With new and evolving global regulations it is time for companies to evaluate their current approach in order to ensure that current programs are inclusive enough to manage compliance and identify opportunities for cost savings and resilience. Reach out to learn more about how Anthesis can help!

🔍 Supply chain transparency is a hot topic, but how can it be achieved? Explore practical strategies for building genuine transparency in your supply chain. From fostering a culture of collaboration and accountability to understanding the new regulations like the Corporate Sustainability Due Diligence Directive (CSDDD), this latest article from SupplyChain Strategy, featuring insights from Carmel Giblin, provides actionable steps for creating an ethical and transparent supply chain. 🔗 Read the full article here https://bit.ly/3z72qaq #SupplyChain #Transparency #EthicalSourcing #Sustainability #ESG #Compliance #BusinessEthics