SUSTAINABILITY
Kim highlights the impact of regulatory changes and the increasing emphasis on ESG reporting , driven by legislation such as Companies Act 2006 ( Strategic Report and Directors ’ Report ) Regulations 2013 and the EU ’ s Non-Financial Reporting Directive brought into UK law in 2016 . Changes in regulations have forced companies to develop and re-develop supplier codes of conduct to ensure continued compliance throughout the supply chain .
She says : “ We ’ ve seen changes in ESG reporting requirements which became a larger focus in 2015 with the introduction of the 17 SDGs and is even more prevalent today with increasing challenges around climate change and social inequality .”
Stuart says that over the last decade , one of the biggest reforms has been the inclusion of technology in all aspects of supply chain operations , including monitoring and tracking of supplier compliance : “ By leveraging data and analytics , organisations are better positioned to understand the potential risks and prioritise audits .”
“ Supplier codes of conduct have also evolved to be more transparent and easily available .”
Graham says that codes have undergone development or revision , expanding in scope and addressing
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