Pressure is increasing for businesses to build sustainable and transparent supply chains to manage social, environmental and economic impacts. Today’s big businesses are expected to take responsibility for how their suppliers affect people and the environment.
The list of issues to address can be daunting: from ensuring safe working conditions to paying fair wages; ending child labor to improving product traceability; reducing carbon footprint and using water responsibly to avoiding corruption. And there is no shortage of stakeholders ready to hold companies to account for human rights violations and other failings; regulators, journalists, lawyers, customers, consumers, communities and others are all piling on the pressure.
What’s more, building a sustainable supply chain is no easy task. Modern global supply chains are so vast and complex, that many companies just don’t know where their inputs come from. Gaining visibility and control can be a problem as can keeping pace with regulations and industry commitments across multiple jurisdictions.
How we can help
KPMG sustainability supply chain and human rights specialists can help your business:
- Set strategy and governance structures
- Map supply chains and track product ingredients
- Identify and reduce risks
- Implement human rights due diligence & improve quality of social compliance systems
- Monitor and improve supplier performance
- Strengthen supplier relationships
