cover image: ESG in UK manufacturing - Growth, Supply Chain Cooperation and the

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ESG in UK manufacturing - Growth, Supply Chain Cooperation and the

7 Feb 2024

Some of which are information paid for by the firm itself and not the customer requiring this INTERNAL BUY-IN A more positive finding, is that despite the huge number of UK manufacturers that do not have the resources required to reach the ESG conditions of their customers, only 18% of the sector do not feel that the internal stakeholders of their firm are supportive of these ESG requirements. [...] ESG IN UK MANUFACTURING 21 ESG CONSIDERATIONS ACROSS THE SUPPLY CHAIN When the data on internal buy-in for the ESG conditions placed on UK manufacturers from their customers, is compared to the data on internal buy-in for UK manufacturers own ESG procurement policy, the view is remarkably consistent, with the only significant deviation being found in the proportion of those that disagree there is. [...] This level of buy-in from the sector in context of the incorporation of ESG into their own procurement policy, and also the incorporation of ESG into the procurement policy of their suppliers, suggests that this is a feature of the market that is likely to stay or grow. [...] Large firms are providing a much greater degree of support to the supply chain, with 61% of £500m+ turnover firms Where support for ESG targets is provided, the most prolific and 46% of £100-£500m turnover firms providing access type takes the form of access to training, with 24% of the to training and 39% and 27% providing access to practical sector reporting that their firm provides this to thei. [...] over the next two years % firms reporting the direction in scale of their ESG strategy Even given the growth we’ve seen in these strategies in the in the coming two years sector over the past two years, the data indicates that the rate of growth is only going to accelerate.
Pages
33
Published in
United Kingdom