Key findings in this survey conducted by Ecovadis include:
- Some 41 percent of suppliers who responded to the survey declared that having CSR requirements in their contracts raised awareness of environmental, social and governance issues
- Roughly the same proportion believed that it triggered the implementation of concrete actions
- Of those who did not take any such actions, the majority did not need to do so because they were already following good CSR practices
- There is a rich variety of different sustainability clauses, with varying levels of effectiveness. Analysis of a wide sample of clauses and of their effects on suppliers, reveals the top four most common weaknesses encountered, and suggested ways to overcome them
- The study has also led to the design of a diagnostic tool used to measure the effectiveness of a CSR clause. The diagnostic covers four essential elements for a CSR clause, and helps companies to assess and improve their practices and implement consistent contractual diligence mechanisms
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