To define the set of information and metrics to collaboratively assess and monitor the performance in terms of Environmental, Social and Governance (ESG) Sustainability of industrial Supply Chains, while raising the level of awareness on initiatives that increase the Sustainability performance of players across all the layers of the Supply Chain.
Starting from the ESG requirements by Lenders and End-Users, the measurement of the ESG Sustainability of Vendors is considered not just a way to exert compliance, but a lever to grow competitiveness and business opportunities. In fact, the ESG aspects represent a growing relevance and are a core value for the re-start after COVID-19.
The 10 principles behind the Guidelines
Inspired by existing standards and programs, applied to industrial supplies
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How the Guidelines were developed
The collaboration between Sustainability Managers and Supply Chain Managers delivered, across multiple interactions, the following points:
A. Mapping of the ESG requirements by Customers and Financial Institutions and of the existing standards and norms available on the market
B. Definition of the recommended practices on ESG Questionnaires to Vendors
C. Definition of the metrics for the creation of ESG Scores
D. Assessment of the benefits
E. Calibrations of the metrics based on utilization