A new report produced by EY in association with the UN Global Compact shows that leading companies are creating more sustainable supply chains that deliver significant business benefits by increasing collaboration with suppliers and making better use of new technology.
The state of sustainable supply chains report explores how companies are embedding sustainability in their supply chains and is based on interviews with 100 sustainability, supply chain and procurement specialists from 70 companies globally (18 per cent from Asia-Pacific) across 12 industry sectors including telecommunications, automotive, finance, life sciences, technology, and oil and gas.
Mr K. Sadashiv, Managing Director, Climate Change and Sustainability Services, Ernst & Young LLP says the study shows a significant shift by leading companies, from a risk and compliance approach to supply chains, to investing in sustainable supply chains for the business value delivered.