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Only 1 in 4 Manufacturers Have High Confidence in ESG Readiness of Their Supply Chains, Survey Finds

Assent survey indicates lack of depth in sustainability programs

by Staff and Wire Reports
January 27, 2023
in Compliance
Cargo ships in dock

Ever-evolving regulatory requirements, consumer demand and investor expectations are all forcing manufacturers to increase the transparency of their supply chain, but few organizations have arrived at that destination, according to a new survey by SaaS supply chain provider Assent.

The survey of 152 organizations, conducted in conjunction with Endeavor Business Media, found that 76% of complex manufacturers are still in the planning or foundational stage of supply chain ESG development.

Only 25% of manufacturers said they had a high degree of confidence that their supply chain can support their sustainability goals, and even more worryingly, only 31% said they were highly confident in the accuracy of their supply chain data.

“While growing demand for supply chain sustainability is well-reflected in planned increases to ESG and sustainability budgets, the fact that only 31% feel highly confident in the quality and accuracy of their data indicates a lack of depth in manufacturers’ current programs,” said Sarah Carpenter, Assent’s corporate responsibility director.

Here’s a look at a few other key findings of the report:

  • 69% of organizations are planning to invest more money in ESG over the next year.
  • 80% of organizations are either somewhat or extremely dependent on their suppliers to help them hit their ESG goals.
  • 24% of organizations said their companies had achieved their supply chain ESG goals or were at net zero.

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