Major auto manufacturer leading the way and asking tens of thousands of its suppliers to sign a pledge towards adherence to carbon neutrality: the Environmental, Social and Governance Partnership Pledge.
General Motors is using EcoVadis to evaluate how individual companies integrate its preferred principles of sustainability, corporate responsibility, social cohesion into their business and management systems. Scores are based on emissions, Labour/Human rights, and sustainable procurement.
Critics claim that this is another "greenwashing exercise", but it is a starting point; with a big statement across industries.
While plenty of companies have jumped onto the eco-bandwagon for the cultural cachet that’s associated with going green, arguments have been made that the scheme doesn’t necessarily support the concept of sustainability. Critics believe that ESG has effectively become a tool for large organizations to give themselves a squeaky clean, greener image that might woo potential investors.
unknownx500
