ESG goes beyond politics: Vendor management, forced labor, sustainability

ESG

ESG is no longer in vogue. But its issues still are.

Almost none of the nearly 200 attendees at Compliance Week’s Third Party Management summit  this week said they’re currently working on ESG when informally surveyed. The show-of-hands results marked a dramatic reversal from even just a couple years ago, surprising even attendees in the room. It’s also the latest indication that the once popular acronym that stands for “Environmental, Social and Governance” is no longer popular in the business community. But attendees said that especially as they go through processes of managing vendors, they’ve found that ensuring supply chain resilience and ethics ultimately means they’re doing that same work, just not in the name of ESG anymore.

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