These three separate presentations by Royal London, Benenden Health, and Aviva Investors explore how organisations are incorporating environmental, social, and governance (ESG) considerations into their supply chains. Various strategies are employed, including measurement, assessment, and supplier engagement to align with climate goals. Some organisations take practical steps to address immediate needs and integrate ESG elements into contracts, while others prioritise collaboration with suppliers and science-based targets. These diverse approaches demonstrate the different pathways organisations can take to align their supply chains with global sustainability objectives.

Royal London (UK) underscores the influence of the supply chain on its emissions. Approximately 53% of the company’s non-investment-related emissions are attributed to its supply chain. Recognising this, the insurer emphasises supplier engagement to align with its climate goals.

Royal London’s strategy involves a four-step process: measurement, assessment, support, and engagement. Measurement includes understanding the emissions portfolio and supplier contributions to emissions. Assessment delves into supplier emissions, targets, and actions, often using third-party data sources like carbon disclosure project (CDP) disclosures. Support entails equipping internal stakeholders with…