By Allen Hackman, AVP and GM of global manufacturing industry solutions, ServiceNow
When it comes to environmental, social, and governance (ESG) objectives, just about every company now feels a need to up its game. Investors increasingly factor ESG metrics into valuations. Regulators are looking at them more closely than ever; and a growing number of consumers and employees expect companies to measure their ESG impact.
Yet fewer than half of executives have a formal ESG program in place, according to a September 2021 survey by corporate governance advocacy organization Open Compliance and Ethics Group. Companies need a way to track and measure ESG progress. That’s especially true for manufacturers, which face ongoing headwinds from the global supply-chain crisis. Digital workflows can help manufacturers collaborate with suppliers and gain insight into their own ESG efforts.
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