Customers are increasingly looking for environmentally and socially responsible products,
services and organizations. Organizations that can meet those expectations can enhance
their brand value, increase sales and are more likely to succeed in the long term.
Many organizations seek to reduce their impacts by selecting more sustainable suppliers for the
products, services and resources they acquire. This means that organizations will engage with
their suppliers, and request more information and data. Being transparent about your
sustainability practices and impacts can give you a competitive advantage in tenders and
other procurement processes.
The upcoming mandatory reporting requirements for larger organizations have a cascading
effect on smaller organizations through a need for more and higher-quality data, and an
increased focus on the entire value chains. This means that these large companies will need to
give much more attention to their suppliers to gather data and ask for specific sustainability
commitments. Practically, we already see this happening. For example, companies who
cannot provide emission data for specific products, don’t have company-wide carbon
transition plans, and don’t publish annual sustainability reports will be replaced by those