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At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
How can your bold vision be transformed into a sustainable reality?
ESG’s potential to deliver a long-term advantage
Businesses that adopt environmental, social and governance (ESG) as an integral part of their corporate strategy will be better positioned to focus on key initiatives that can truly make an impact on society, their employees and customers, and the long-term value of the companies. Through its combined experience in consulting and intelligent technology solutions, the EY-Pega Alliance is helping clients reach their goals of strengthening supplier relationships, boosting operational capabilities and improving resiliency across their supply chains.
Research indicates that solid ESG practices result in:
The ESG solution from the EY-Pega Alliance
The overall goal of sustainable sourcing is to strengthen long-term relationships with suppliers at all tiers, addressing risks and building capabilities within supplier operations integrating ESG performance factors. The EY-Pega Alliance addresses these needs through its collective experience in consulting and intelligent technology solutions.
Incorporation of environmental and social supplier performance criteria into supplier management and product life cycles
Creation of actionable data through workflow orchestration and case management
Improved supplier collaboration processes and platforms that foster supplier innovation and support eco-design
Increased value of sustainability and supply chain strategies
Tighter orchestration of workflows across silos, bringing together people, processes and systems
Improved ethical sustainable sourcing and visibility, traceability and resiliency across the supply chain from end to end
Reduced cost, waste and resource consumption and improved quality, productivity and other environmental efficiencies
More rapid progression toward carbon-neutral footprint
Reduced risks through the implementation of an alternative sourcing strategy
Enablement of more informed purchasing decisions through predictive analytics
Consumers expect companies to improve their sustainability impact
50% of consumers intend to prioritize the environment and climate change in what they buy
54% of consumers intend to pay more attention to environmental issues
Short- and long-term benefits to investing in sustainable supply chains
Investments in sustainable supply chains add about 12%-23% revenue to the value chain
133% greater return on procurement investments than a typical business that doesn’t focus on having a diverse supply chain
40% of all emissions in these supply chains could be abated with readily available and affordable levers
It’s all about what IT can do to transition technology to reduce your footprint and use analytics to measure it.
Lior Keet
Managing Director, Emerging Technologies, Ernst & Young LLP
Sources: Nielsen 2014; EY 2015; EY 2019, ICCR Institute 2015; Hendricks and Singhai, Harvard Business Review 2017.
A low-risk, future-proof way to leverage your technology investments to drive business outcomes