Report: Poor awareness of supply chain disclosure regs leaving firms exposed

ESG vector

Compliance failures in the supply chain are hampering organizations’ efforts to implement environmental, social, and governance (ESG) initiatives and meet disclosure requirements, according to a new report by U.K. law firm Burges Salmon.

The firm’s research found 32 percent of businesses surveyed were “completely unprepared” to meet their ESG supply chain disclosure obligations. Among those companies, only 29 percent believe their organization fully understands the legislative and regulatory landscape governing ESG corporate disclosure.

The survey polled 361 U.K. respondents in legal and business services roles across the energy and utilities, technology, built environment, transport, and healthcare sectors.

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