What is ESG? - Manufacturers
This guide will explain what ESG is and how it can impact the food service industry, and what Erudus's role is within the supply chain.
What is ESG?
The acronym ESG stands for Environmental, Social, and Governance. It is a collective term for evaluating the sustainability and ethical impact of a company. The Erudus ESG survey for Manufacturers helps users communicate compliance with ESG.
Responding to these kinds of audits can be administratively intensive, and in a bid to reduce time spent answering multiple surveys of similar questions, Erudus Wholesalers will be able to review a standardised ESG survey across all of their suppliers within Erudus.
How does ESG impact me as a manufacturer?
As an Erudus manufacturer, ESG is becoming a central part of business operations. Erudus plays a role in helping manufacturers manage and communicate their ESG efforts.
Manufacturers:
- Receive requests from retailers and wholesalers to report on their ESG performance.
- Erudus provides a way for them to centralize and share key data, such as waste packaging information (E), or accreditations that prove ethical sourcing (S).
- This data helps them win and retain business with customers who have their own strict ESG criteria.
As a manufacturer you can upload your businesses ESG results by completing the Erudus ESG Survey, we have helpful guide which explains the ESG Survey in more detail - HERE
Key Points to Understand
- It's more than a trend: ESG is a fundamental shift in how businesses are being evaluated, driven by consumers, investors, and regulators.
- Data is power: The ability to collect, manage, and share verifiable ESG data (like packaging weights or ethical accreditations) is essential for proving a company's commitment and is why it is more important than ever to ultilise Erudus by recording or gathering this data.
- A connected supply chain is vital: A single company cannot achieve its ESG goals alone. It requires transparent information from its entire supply chain, which is exactly what a platform like Erudus helps to facilitate.