James Calder and Jared Connors are today’s guests on this premier episode of the 5-part series, Supply Chain and ESG – What You Need to Know. This series is sponsored by Assent. In this conversation, they chat with Tom Fox about how ESG impacts a company’s performance presently and in the future.
Before the pandemic, many companies were very dependent on global supply chains. But now that the pandemic has started, companies need to be more resilient and focus on environmental resilience. This means that they need to be careful about where they get their supplies from because there is a risk of disruptions. Additionally, companies that can’t demonstrate that their products don’t violate human rights are at a disadvantage. Without evidence that they are adhering to labor laws, they could lose business to their competitors, Jared tells Tom.
ESG can help companies save money and be more efficient. “When you think about that in the context of labor… if you’re helping the well-being of these organizations or these individuals out there working in these organizations, oftentimes you see a lot more efficiency and better quality in their work,” Jared says.
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