Why ESG Matters in Supply Chains

Why ESG Matters in Supply Chains

As a previous ASK GIA blog discussed, ESG is important in today’s business landscape because it verifies the credibility and transparency of a company. It may also contribute to the future success of a company. The movement was an effort to create sustainable investments, for investors to maximize returns while creating long term social or environmental advantages. In fact, practicing ESG values increases the longevity of a business. Without the raw materials necessary, a business cannot continue its output of new products.

Not only this but not following ESG values may also contribute to businesses receiving fines due to not complying with local government legislation. As a consequence of a volatile supply chain, consumers lose access to the products that they need or would like to purchase. Therefore, protecting the environment and practicing ESG values is of interest to both business owners and consumers.

What makes a supply chain sustainable and responsible?

A sustainable and responsible supply chain integrates ethical and environmentally responsible practices into its business model. This can be shown through several methods, such as minimizing, repurposing, or recycling waste in the manufacturing process. These days, many businesses use recycled materials instead of virgin raw materials in their products or product catering. Another popular method is utilizing renewable energy sources instead of fossil fuels for the energy requirement or supply mechanism. However, these methods must encompass end-to-end services. Sustainable practices should be included in not just sourcing of raw materials but towards transportation logistics and the cradle-to-grave of products. This includes the recycling or minimum impacting disposal of the product.

It’s important to provide transparency and maintain ethical standards in the supply chain. The United Nations Global Impact has created 10 criteria for measuring supply chain sustainability. “

1. Businesses should support and respect the protection of internationally proclaimed human rights.
2. and make sure that they are not complicit in human rights abuses.
3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
4. the elimination of all forms of forced and compulsory labor,
5. the effective abolition of child labor; and
6. the elimination of discrimination in respect of employment and occupation.
7. Businesses should support a precautionary approach to environmental challenges;
8. undertake initiatives to promote greater environmental responsibility; and
9. encourage the development and diffusion of environmentally friendly technologies.
10. Businesses should work against corruption in all its forms, including extortion and bribery.”

SW has committed to UN global compact so that our operations are aligned within the 10 principles, also SW is concerned and taking actions in reducing Carbon footprint in logistics, glove waste management, sustainable sourcing and natural resource efficiency in manufacturing. Our role and responsibility as a credible, socially and environmentally sustainable business. We place value in maintaining an ethical and sustainable supply chain to provide consistency for our consumers.
We pride ourselves in being transparent with all our stakeholders and doing our part in creating a sustainable future.

About SW Sustainability Solutions

At SW, we are committed to leading the glove industry in environmental, social, and governance (ESG) practices. Our innovative EcoTek® technology exemplifies our dedication to sustainable solutions, while our expertise in sweat management ensures comfort and performance. We also offer specialized chemical compatibility support, assisting customers in selecting gloves tailored to their unique needs. Our mission is to provide products that prioritize safety, health, and environmental responsibility for our customers and the planet.