What is ESG? - Wholesalers
This guide will explain what ESG is and how Wholesalers can utilise Erudus to manage their manufacturer's ESG data.
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 wholesaler?
As an Erudus wholesaler, ESG is becoming a central part of business operations. Erudus plays a role in helping wholesalers manage and communicate their ESG efforts.
Wholesalers:
- As a wholesaler, you may be asked by your customers (e.g., corporate clients, schools, hospitals) for information about the sustainability and ethics of the products they supply.
- Erudus allows you to easily access and filter products based on this data. For example, you can search for products with Fairtrade or Organic certifications, which fall under the Social and Environmental pillars of ESG.
- Erudus provides a clear audit trail that helps you prove compliance and ethical sourcing to your stakeholders.
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.