How German Companies Can Drive ESG Compliance Across Their Supply Chains

Read more about How German Companies Can Drive ESG Compliance Across Their Supply Chains

Navigating the environmental, social and governance (ESG) landscape in Germany is no mean feat.

While companies are making steady progress on their ESG goals, demonstrating compliance — with both EU directives and German laws — is a whole different ball game. Together, these regulations significantly impact procurement and supply chain operations in German companies.

GEP’s new paper breaks it all down, offering strategies to mitigate risks, improve supplier collaboration and align with evolving ESG mandates.

What’s Inside:

CSRD Countdown: Urgent Steps for 2025 Compliance

Read more about CSRD Countdown: Urgent Steps for 2025 Compliance

The Corporate Social Responsibility Disclosure (CSRD) regulation is set to transform ESG reporting in the EU to meet the demand for greater transparency and accountability. With stringent requirements coming into effect in January 2025, organizations face significant fines and penalties for non-compliance, risking their reputation and commitments.

Are you prepared for this seismic shift in sustainability reporting?

5 Considerations When Choosing the Best Sustainability Management Software

October 29, 2024 | Operations

For enterprises today, having an ESG strategy is table stakes. Companies are setting more ambitious sustainability goals, impelled by pressure from investors, regulators and consumers. And ensuring progress toward those goals is more than ever falling under the purview of supply chain and procurement teams.

However, measuring, acting and reporting on sustainability performance across complex supply chains can be daunting. This is where the right sustainability management software can make a huge difference.

A Guide to ESG Materiality Assessments for Procurement & Supply Chain Pros

October 22, 2024 | Procurement Strategy

Environmental, social and governance (ESG) considerations have moved from optional initiatives to strategic imperatives for enterprises. With pressure from stakeholders to demonstrate responsible business practices and sustainability bona fides, procurement and supply chain have emerged as key drivers of ESG performance.

And conducting an ESG materiality assessment – a crucial tool for identifying the most significant sustainability impacts and opportunities across your value chain – is a necessary first step.

How Data Analytics Can Boost Your ESG Performance

October 14, 2024 | Sustainability

Compared to a decade ago, many businesses now have an active ESG program in place.

Growing pressure from governments and investors, changing customer demand patterns and an increasingly conscious customer base have accelerated the adoption of these programs.

But are these programs achieving the desired objectives?

How are businesses checking the program’s progress and effectiveness? And how can investors evaluate this aspect of business operations that is increasingly crucial for their investment decision?

Supply Chain Leaders Are Prioritizing These Sustainability Strategies

October 03, 2024 | Sustainability

High interest rates, persistent inflation, supply chain disruptions and labor shortages are pressing companies to rethink their sustainability strategies.

They are finding new ways to balance environmental, social and governance (ESG) objectives with cost management and risk mitigation and using latest technology to achieve their sustainability goals, show two surveys of top procurement and supply chain executives.

Decarbonization in the Oil and Gas Industry: Navigating the Energy Transition

October 01, 2024 | Strategy

The oil and gas industry is at a turning point as the world transitions toward a low-carbon future. And in the urgent need to address climate change, it faces mounting pressure to reduce its carbon footprint and align with global sustainability goals.

Although the O&G industry has played a key role in powering global economic growth and technological advancement, a substantial portion of greenhouse gas emissions can be attributed to this industry. And that is precisely why the oil and gas industry has to reinvent itself.

4 ESG Challenges for Oil & Gas Companies (And How to Overcome Them)

September 23, 2024 | Oil and Gas

The oil and gas industry is facing unprecedented challenges when it comes to achieving environmental, social and governance (ESG) objectives. Growing regulatory pressures, heightened stakeholder expectations and the urgent need to transition toward a more sustainable energy landscape only highlight the industry’s need to improve transparency and accountability on ESG reporting and disclosures.

CBAM: Procurement Strategies to Comply with EU Sustainability Regulation

August 21, 2024 | Procurement Strategy

The European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) is set to change the game for high-carbon industries, imposing tariffs on carbon-intensive goods entering the EU.

As EU takes steps to secure a greener future, industries, specially manufacturing, must rethink their procurement and supply chain strategies to stay compliant and competitive.

Struggling to Monitor Scope 3 Emissions? Here’s a Framework to Get Started

August 20, 2024 | Sustainability

Many businesses even today are focusing merely on containing their direct — scope 1 and scope 2 — emissions. They are not paying heed to scope 3 emissions, which originate in their supply chains and account for more than 70-80% of their total emissions.

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5 Considerations When Choosing the Best Sustainability Management Software

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A Guide to ESG Materiality Assessments for Procurement & Supply Chain Pros

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How Data Analytics Can Boost Your ESG Performance

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Supply Chain Leaders Are Prioritizing These Sustainability Strategies

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Decarbonization in the Oil and Gas Industry: Navigating the Energy Transition

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4 ESG Challenges for Oil & Gas Companies (And How to Overcome Them)

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CBAM: Procurement Strategies to Comply with EU Sustainability Regulation

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Struggling to Monitor Scope 3 Emissions? Here’s a Framework to Get Started

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