Nowadays, and in light of supply chain shortages, geopolitical challenges and legislative developments, many boards now understand that disruptions in supply chains are a real risk and may even become a reputational challenge. Board members are increasingly obliged to ask themselves what their own organisation’s supply chains look like, and with whom they do business.
Trade wars, legislative changes, labour shortages, supply chain disruption and shortages are all ‘system shocks’ that can create havoc for any organisation. In mitigating this, boards must first understand the two priorities nearly every business has for its supply chain – sustainability and resilience. Sustainability represents how well the current supply chain adheres to relevant ESG standards, whereas resilience describes how vulnerable a supply chain is to possible disruptions.
Boards would need to ensure better supply chain visibility across the four tiers, have an appropriate balance between efficiency and resilience whilst meeting their ESG commitments to key stakeholders and have clear and agreed-upon metrics, targets, and accountabilities for monitoring to reflect potentially shifting supply chain priorities. Real time supply chain planning and stakeholder engagement can make a huge impact – exploring possibilities to diversify the supplier base and digitalising the supply chain are ways to increase resilience.
Currently, the challenge in supply chains is the vagueness or lack of network visibility, owing to the vast, multiple-tiered supply chains. That is where structural ESG and sustainability reporting helps business to gain visibility, mitigate and manage risks. Supply chain management has been designated as one of 11 common sustainability themes identified in the Bursa Malaysia’s Enhanced Sustainability Reporting Framework.
Learning Outcomes
- Learn about the benefits of integrating ESG principles within the supply chain management – identify the fundamental steps to get started.
- Provide guidance and clarity to boards in setting clear goals and metrics to monitor progress, as well as for disclosures that are aligned to the Bursa Malaysia Enhanced Sustainability Reporting Framework.
- Discuss on potential business risks and measures that need to be considered, from the E, S and G’s perspectives.
Programme Agenda
9.00am | Programme Introduction & Housekeeping |
9.05am |
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10.30am | Networking Break |
10.50am |
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1.00pm | Programme Ends |