Book an Appointment
Why Use Your ESG Budget For Supplier Diversity & Inclusion Efforts? – fips consulting 1-Minute Readings
You don’t have time to read multiple pages to understand a topic. Find a series of 1-Minute Readings on the topic of Supplier Diversity & Inclusion here.
HOW ARE YOUR SUPPLIER DIVERSITY & INCLUSION EFFORTS SUPPORTING YOUR ENVIRONMENTAL, SOCIAL & GOVERNANCE TARGETS
Environmental
Up to 90% of a companies CO2 footprint is coming from the supply chain – diverse-owned suppliers are often local and smaller, which leads to less CO2 EMISSIONS IN TRANSPORT
Diverse-owned businesses are usually more RESILIENT & ENVIRONMENTALLY FRIENDLY by being innovative, flexible, and efficient
Social
Supplier Diversity & Inclusion efforts attract MORE DIVERSE TALENTS
Diverse suppliers TEND TO HIRE AND INVEST LOCALLY, which leads to supporting SOCIAL AND ECONOMIC GROWTH
Governance
Supplier Diversity & Inclusion can contribute to a MORE DIVERSE MANAGEMENT BOARD by promoting diversity and inclusion in the supply chain
Supplier Diversity & Inclusion can help REDUCE CORRUPTION by increasing transparency and competition in the supply chain
HOW TO START? ASK YOURSELF FOLLOWING QUESTIONS:
Do we know our supply chain ESG impact?
Do we have ESG / UNSDG teams that we can work with?
Do we have ESG / UNSDG targets?
What is it that we want to achieve?
WHAT DOES fips consulting DO?
fips consulting’s core competencies
If you want to make your supply chain more inclusive; contact@fipsconsulting.com
Get your pdf version; contact
Sources: https://diversityplus.com/web/Article?id=Linking-Supplier-Diversity-And-Sustainability-To-Boost-Performance-6066&AspxAutoDetectCookieSupport=1
https://hbr.org/2023/04/why-business-leaders-must-resist-the-anti-esg-movement
