Florent Bouguin, Chief Technology Officer at Optel Group. Read Florent Bouguin's full executive profile here.
It can definitely feel like a roller coaster ride when it comes to environmental, social and governance reporting. It’s a landscape in flux with numerous ESG frameworks, which are often regional- or industry-specific, and a lack of uniformity among ESG disclosures. What’s more, many of these frameworks are in the process of becoming legally binding regulations. Mandatory ESG reporting is literally just around the corner.
In today’s world, all these regulations are profoundly relevant for climate, nature and equity. Nevertheless, for businesses operating in many different countries and looking to drive growth, that is a lot of regulatory hoop-jumping that needs to take place., tracking ESG metrics is multifaceted, covering a wide range of a company’s operations, from its supply chains and partners to R&D to human resources practices.
When the supply chain is thoroughly mapped out, the next step is to reach an agreement with Tier 1, 2 and 3 suppliers on ESG disclosure goals, processes and standardization. This is inevitably when a company will uncover potential dark suppliers—an opportunity to proactively reduce compliance risks.
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