University of Twente Student Theses
Technology-Driven Strategies for ESG Risk Management in Purchasing and Supply Management
Nelissen, E.R. (2024) Technology-Driven Strategies for ESG Risk Management in Purchasing and Supply Management.
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| Abstract: | The increasing regulatory focus on Environmental, Social and Governance (ESG) issues has led to new requirements for organisations, particularly under the Corporate Sustainability Due Diligence Directive (CSDDD). This directive requires organisations to integrate due diligence requirements into their corporate policies, addressing human rights and environmental impacts while maintaining transparency, public communication, and establishing a complaint mechanism, while holding organisations legally accountable not only for their own actions, but also for violations occurring within their supply chains. While it represents a significant step towards increased sustainability in the field of Purchasing and Supply Management (PSM), organisations face several challenges in implementing and complying with the CSDDD, especially in gaining supply chain transparency. This research focuses on various (Industry 4.0) technology solutions and their potential to support organisations in effectively managing ESG risks, improving regulatory compliance and ensuring future readiness. The research has been conducted through semi-structured interviews with both technology solution providers and PSM experts/buyers, and has been supplemented by web-based research to assess and verify available technology solutions. The results indicate that both technology solution providers and organisations emphasise (ESG) risk management, advanced technology usage, and (future) compliance, although to a varying degree. The research highlights the importance of compliance with new regulations, the wide range of technology solutions for ESG risk management and their limitations, the importance of collaboration among technology suppliers and the expected convergence of technology solutions in the future for delivering a broader range of capabilities to obligated organisations. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/104478 |
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