Supply Chain sustainability report from HFW

Global sector focused law firm HFW and industrial real estate developer Panattoni, in conjunction with Analytiqa, have published their first European Logistics and Supply Chain Sustainability Report, assessing Environmental, Social, and Governance (ESG) strategies and activities across Europe, focusing on logistics and supply chain operations.

HFW said that the launch of the report comes at a time when the profile of the supply chain sector has, arguably, never been higher, in part due to the realisation of society’s reliance on logistics during the Covid-19 pandemic.

HFW said that a number of trends were driving behavioural change in the sector and performance improvements, not least the growth of eCommerce, widespread skills shortages and the role of technology and digitalisation. Alongside these, the importance and role of sustainability was a driving force and at the top of the agenda for boards in companies across most sectors.

HFW noted that, despite challenges, third-party logistics providers recognized that embracing ESG could make them more attractive to investors, customers, employees and end-consumers. More than 80% of the 100 respondents had goals and targets in place to support environmental programmes and employee welfare aims. Three-quarters had measures to address corporate governance, while 71% and 67% had goals and targets for charity and social projects, and financial governance, respectively.