“Urgent and inclusive action is needed by decision makers at all levels to achieve a healthy planet with healthy people” states the UN Environment’s sixth Global Environment Outlook (2019). The report assesses the current state of the environment and possible approaches to achieve internationally agreed environmental goals such as the sustainable development goals (SDGs).
Key messages warn that damage to the planet is so dire that people’s health will be increasingly threatened unless urgent action is taken. The necessities to a truly inclusive green economy, especially in Europe, include a “green” public and private sector procurement, lean production systems and healthy consumption choices.
Further highlighted is the fact that the world has the science, technology and finance it needs to move towards a more sustainable development pathway, however sufficient support is still missing from the business and political leaders who are clinging to outdated production and development models.
Over 90% of environmental impacts come from the deeper supply chain. Our sustainabill platform helps your company to reduce environmental risks and issues along the complete supply chain. Multiple company functions such as procurement, marketing and compliance can benefit from the fact-based supply chain information.
The UN Environment’s sixth Global Environment Outlook (2019) can be found here.
Sustainability information published by European companies are not specific and transparent enough. This is the result of a study from the Alliance for Corporate Transparency, a three-year research project. The study analysed the CSR reports from large companies and financial corporations. Over 90% of companies express a commitment to respect human rights and over 70% endeavour to ensure the protection of human rights even in their supply chains. However, only a minority of 6% of companies disclosed information about suppliers in identified high-risk supply chains.
Since 2014 the EU regulation on non-financial reporting (Directive 2014/95/EU) requires large companies to provide non-financial information on environmental, social and workers’ concerns. The Alliance for Corporate Transparency calls for improving the EU Directive regarding companies‘ disclosure obligations. Among their requirements are
- greater transparency on high-risk supply chains, the results, consequences and limitations of audits.
- clear requirements for disclosure of companies‘ long-term transition plans towards a CO2-free economy.
- focus on clear indicators in the area of disclosure and due diligence of human rights issues related to specific risks and incidents and their management.
- more forcefully require disclosure of the key elements of the anti-corruption programme and its application to third parties.
With sustainabill, companies can improve the transparency in their high-risk supply chains, and collaborate with sub-suppliers to access certifications and audit results. This allows to tackle human rights issues and lower CO2-emissions in the supply chain.
The report can be found here.