THE OTHER S OF ESG: SUSTAINABLE SUPPLY CHAIN!

The covid-19 pandemic exposed our weaknesses. Issues related to health and safety, labor practices and climate risk have become priorities for investors, regulators and consumers. Failure to ensure oversight of supply chains can result in significant financial and reputational losses. Companies that focus on sustainable supply chains come out ahead with competitive advantages, resilience and […]

por NTICS | 20 de June de 2022

Companies that focus on sustainable supply chains come out ahead with competitive advantages, resilience and leadership.

Supply Chains must be monitored to comply with good ESG practices. Stay tuned for tips from the Harvard Law School on Corporate Governance:

FOCUS ON TRANSPARENCY:

Identify operational weaknesses between second and third tier suppliers.

GLOBAL REPORTING INITIATIVE (GRI):

Companies must implement processes that trace their supply chain and determine what standards they expect suppliers to meet. Thus, it is possible to align company and supplier policies, as well as efficient channels to report compliance issues, human rights, working conditions and misuse of data and corruption.

RISKS AND OPPORTUNITIES OF CLIMATE CHANGE:

Reducing carbon footprints, including supply chains, is crucial. Looking to the future, it will be increasingly important for companies to collaborate with their suppliers to adopt renewable energy, reduce waste and optimize resources.

COLLABORATION:

Climate change is already threatening infrastructure and introducing new uncertainties into supply chains. Maintaining a robust and sustainable supply chain will require companies to integrate suppliers into long-term climate risk management plans.

CONFORMITY:

The shift towards stakeholder capitalism and the renewed focus on corporate purpose means investors and consumers are intolerant of corporate misconduct. The challenge is to align supplier compliance practices with those of the company. These efforts may require investment in training and screening.

REGULATORY RISK:

There is now greater regulatory scrutiny of supply chains. Companies should carefully consider whether their industry might be affected and how they can reconfigure their supply chains to adapt to new policies.

M&A DILIGENCE:

Understanding supply chain risks should also be a priority during M&A (Mergers & Acquisitions) due diligence. This is “prior due diligence”, that is, taking prudent measures in the face of a potential investment. It is a process of evaluating a company’s information. In certain industries where there are multiple levels of supply chains, it is important to gain access to current and past suppliers, as well as an understanding of risk management and reporting processes.

CONSIDER EMERGING TECHNOLOGIES:

Emerging technologies can be expected to play an increasingly important role in modern, resilient and sustainable supply chains.

ANTICIPATE THE EMERGING FOCUS AREAS:

As investors expand their focus to the areas of biodiversity, waste and water use, companies need to adjust their sustainability practices and commitments, risk management assessments throughout the supply chain.

Forward-thinking companies assess their supply networks. It is necessary to know the partners so that we can all grow, without leaving anyone behind.

For 20 years transforming lives, promoting sustainable development through innovative projects and solutions. Since its foundation, NTICS Projetos has developed more than 1,000 projects, impacting about 10 million people, always with the priority of promoting SDG 4 (Quality Education). And we want more! Our ambition is to bring innovative and sustainable projects to more than 3.7 million children and adolescents (10% of students enrolled in public education in Brazil) by 2030.

All projects are digital, which allows teachers and students from anywhere in the world to access and download all the material already produced and apply it, becoming multiplying agents.

Discover our solutions to raise your company’s indexes www.nticsprojects.com

Whatsapp | E-mail: contact@nticsprojects.com | Phone +1 (407) 258 3604

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FOR A SUSTAINABLE PLANET, WE NEED EVERYONE UNITED DOING THEIR PART

The Sustainable Development Goals (SDG's) were launched in 2015 by the United Nations (UN) as a global agenda for sustainable development. Since then, there has been progress in the implementation of these goals around the world.

AWARENESS ABOUT ENERGY EFFICIENCY AS A PILLAR FOR SUSTAINABILITY

There are several and relevant pillars in building a more sustainable planet, among them, we need to look head-on at energy efficiency, which means generating the same amount of energy with fewer natural resources or obtaining the same service ("performing work") with less energy, is one of the Sustainable Development Goals and has its goals so that it can guarantee universal access to sustainable sources and affordable prices and thus successfully guarantee the demand that is increasingly increasing on the planet.

FOR 20 YEARS SOWING CHANGE IN THE WORLD!

And not just for ourselves, but for those around us as well. In 2002, NTICS Projetos emerged to plant the seed of purpose, to contribute to the transformation of society towards fairer, greener, more sustainable paths.

COMMUNICATION TO ALL PARTIES!

Gone are the days when companies could isolate themselves, produce without fanfare, dictating their own rules. Corporations are now measured by the impact they have on the world. Consumers expect them to be committed to global challenges and to produce, while contributing to improving society.

KNOWING THE INCENTIVE LAWS IN BRAZIL, IMPORTANT TOOLS FOR YOUR ESG REPORTS!

It's the people's money, coming out of the government's pockets to reach the people themselves. The tax incentive laws are instruments used by the government to stimulate development, education, quality of life and the realization of projects through tax waivers.