Public opinion on how manufacturing companies (or any company for that matter) should be operated, is increasingly influenced by the debate on climate change, Covid-19, CSR, increased globalization, change in energy sources, the UN 17 goals for sustainability and more.
Hence, CSR/ESG has been added to the agenda of companies; either to improve on an existing strategy or in some cases to get one. However, the need to focus on CSR/ESG also requires resources – including financial resources – but also a change in production and procurement strategy, an ability to identify and communicate with relevant stakeholders, staffing up with the right competencies, and understanding what can actually be done to improve the company’s ESG/CSR profile.
SPECIFIC ISSUES AND KNOWLEDGE NEEDED TO MAKE DECISIONS
- Identifying relevant stakeholders
- Mapping possible scenarios for the coming CSR/ESG agenda
- How much is necessary to do?
- What are the gains/costs of being first mover?
- Price is still the most important factor for the customer
- Communicating what we do
- Avoiding green washing