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Supply chain screening for Sustainability-related issues

April 25, 2024

Incorporating ESG criteria into supply chain management is crucial for companies to ensure sustainable growth and mitigate risks. A framework for due diligence, including risk assessment, supplier engagement, monitoring, and continuous improvement, is necessary. Screening the supply chain for environmental, social, and governance risks is essential at every stage, from extraction to disposal. Collaboration with suppliers and transparent reporting are vital for progress. Companies should invest in responsible health and medical services. Embracing ESG principles and conducting thorough screenings will help meet consumer and investor demands for sustainability, drive innovation, and enhance competitiveness.
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