It is no surprise that the manufacturing sector is a driving force when it comes to effecting industry change, considering the supply chains and processes involved. In the current climate (pardon the pun!), manufacturing businesses are finding themselves subject to closer inspection than ever before, as more businesses seek to find suppliers who align to their values on Environmental, Social and Governance (ESG) principles.
What is ESG?
ESG is the term used to measure the impact a business has against set environmental and social standards. ESG reporting is now required for major UK companies (being those companies which are "listed" or "quoted", have an annual turnover of £500m or more or where there are over 500 employees). Whilst many businesses are not yet required to report on ESG, many are doing so as a matter of best practice.