Genpact On Responsible Sourcing: Where Ethics Meet Growth
A growing emphasis on Environmental, Social and Governance (ESG) principles is causing businesses to enact ethical, sustainable and socially conscious policies.
Responsible sourcing of goods and services requires sustainable sources, but limiting sources can initially raise costs (Profitable growth versus sustainability).
Finding blind spots in supply chains can reveal corruption, bad actors and social as well as environmental issues that can be corrected with visibility & vigilance.
Supply chain data analysis can identify source weaknesses and factors such as Covid-based shortages to allow for better source planning and remediation.
Responsible sourcing increases good will and may reduce negative social and climate effects, e.g. water and air pollution and child labor law violations.
Source: Genpact
Responsible sourcing balanced with visibility and effective risk management can address climate change, inequalities, investor activism and international regulation. Kure’s Process Optimization Path™ can enable companies to monitor and optimize sustainable sourcing practices.
