From the course: Sustainable and ESG Supply Chains
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Develop ESG KPIs (key performance indicators)
From the course: Sustainable and ESG Supply Chains
Develop ESG KPIs (key performance indicators)
- KPIs, key performance indicators. These are the numbers companies track, study, and obsess about as they try and improve performance. Companies track tons of metrics. They gather mounds of data every day, so much data it can confuse and intimidate even your smartest employees. This is why companies develop KPIs. These are the numbers they believe are the most important, the ones managers will look at first. KPIs should guide managers to make better decisions. So as you initiate your ESG program, you'll need to keep ESG KPIs, to track ESG performance and measure improvement. Here are some things to consider as you establish your ESG KPIs. The first consideration, who gets to decide on the KPIs? You may be a small supplier, your customer, a global manufacturer, or perhaps a local government, they might tell you which numbers to track. Your company may not have a choice. On the other hand, perhaps your company is the…
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