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We are presented with a rare opportunity to invest in new innovations, rebuild our data and power infrastructures and supplychains to restore and strengthen the economy while healing the environment. They can have a profound positive impact across economic, social and environmental valuecreation.
DUBAI, United Arab Emirates, & PARIS & NEW YORK, January 11, 2024 /3BL/ - Expo City Dubai, the legacy site of Expo 2020 Dubai and the venue of the recent COP28 climate summit, has partnered with EcoVadis to assess and improve the sustainability performance of its supplychain.
It also pointed to a lack of tools for investors to integrate social issues into their investment strategies and an “overwhelming focus” from international bodies and investor initiatives on climate and nature-related issues.
Without a technology strategy that supports the collection of high-quality data along the entire valuechain, companies will not be able to report data or demonstrate progress against these commitments. Supplychain visibility has many advantages for today’s global and agile businesses.
Investors continue to require comprehensive ESG data, and supplychain pressures for transparency are only increasing. Connect to valuecreation – Identify how sustainability initiatives can drive innovation, operational efficiency, and market differentiation.
Data and analytics provider GIST Impacts CEO, Pavan Sukhdev, said he expects TNFD to contribute to the quick establishment of best practice approaches, noting also the importance of collaboration between standards setters, which is ensuring alignment of disclosure requirements, including between the EUs CSRD and the TNFD’s guidelines.
Supplychain integration promotes collaboration across the entire supplychain to reduce environmental impacts. Shared goals and coordinated efforts are required to achieve sustainability in supplychain processes. These benefits create both immediate returns and long-term value.
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