The requirements and expectations of current age
Legislators, financial markets, business partners and civil society demand more rigorous compliance and information on sustainability in global supply chains.
Sustainability performance has a direct impact on a company’s performance and is becoming a trademark, a marketing tool and a sales argument.
Given the inevitable development towards stricter regulations and increased stakeholder expectations, sustainability has become the license to operate.
In order to be able to meet current and future requirements regarding compliance and sustainability, it is important to build good partnerships with your suppliers and an effective communication infrastructure.
Given the current volatility and uncertainty of the environment and time we operate in, a partnership-approach is imperative.
In order to be able to meet current and future requirements regarding compliance and sustainability, it is important to build good partnerships with your suppliers and an effective communication infrastructure.
Given the current volatility and uncertainty of the environment and time we operate in, a partnership-approach is imperative.
Increase in sustainability related laws worldwide
Obligations to report about sustainability & CSR in the EU/other countries
National Action Plans for business and human rights
OECD guidelines for Multinational enterprises
ILO core labour standards
UN resolutions, e.g. on human rights or the sustainable development goals(SDG)
Sustainability ratings before lending (with influence on interest rate) and for insurance premiums
Enviromental, Social and Governance (ESG) rating and ratings of listed companies
Evidence for risk mamagment systems
Demand for regular resporting in the areas of CSR and sustainability
Demand for evidence of systematic sustainability management, e.g. through, CSR reporting, audits, product review etc.
Establishment of sustainability seals of product lables
Development of socially and environmentally (more) compatible products
First approahes to circular economy
Transparency and traceability of origin, conditions of production and product safety
Compliance with sustainability standards
Demand for evidence of systematic sustainability managment
Increased demand for socially and enviromentally friendly products
Negative headlines and media coverage
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