Responsible supply chain management means considering social and environmental factors when choosing and then managing relationships with your suppliers. So effectively, not just going for the cheapest provider if that means a negative social or environmental impact.
More now than ever we are seeing a shift in corporate behaviour towards the concept of responsibility. Environmental, social and governance (ESG) factors are now a (if not, the) top priority of business leaders.
And this is not just a question of reputation. Yes, bad corporate behaviour is met with adverse media attention and there are high-profile examples of share value plummeting as a result. However, responsible supply chain management is increasingly finding its way into the legal arena through contracts, regulation and legislation.
In this guide we set out what we think you should prioritise when setting up and managing a responsible supply chain.