transportation and investments - but these emissions cannot be ignored . In overcoming this challenge , Bisceglie sees an opportunity that has arisen from COVID-19 .
“ The pandemic has accelerated the growing emphasis on ESG-risk , as well as the need to optimise on longer-term resiliency instead of shorter-term performance ,” says Bisceglie . “ But with strong corporate governance , enterprises can achieve both . Because supply chain sustainability is an urgent issue that ’ s become critically important to both organisations and governing bodies , it ’ s critical to monitor for both physical and digital supply chain issues , especially with regard to concentration risk , compliance with government prohibitions and restrictions , and ESG transparency .”
Bisceglie believes that visibility must be made a priority at the procurement level to ensure business partners are not contributing to environmental harm or perpetrating labour-law violations .
“ Companies that focus on environmental awareness , ethical behaviour , and sound corporate governance are better positioned to mitigate risk and avoid many of the issues surrounding supply chain disruption ,” she says . “ In fact , the pandemic has reinforced the need for resiliency through an ESG lens .”
The role of technology and AI The pandemic has also advanced businesses dependence on technology as working from home was embraced . For EcoVadis , Guyoton says technology has driven sustainable practices in procurement .
“ Covid-19 stopped the ability of auditors traveling abroad to conduct their analysis onsite . This made virtual and online audits even more important as the world was shifting to remote operations during the pandemic ,” says Guyoton . “ EcoVadis bases
122 January 2022