80 percent of companies choose sustainable suppliers
Published: Saturday, Dec 21st 2024, 08:50
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The majority of large listed Swiss companies pay attention to sustainability when choosing their suppliers. This puts Switzerland ahead of companies in Germany, but slightly behind those in Austria.
Specifically, 80 percent of companies in the Swiss Market Index (SMI) selected their suppliers based at least in part on environmental or social criteria in the 2023 reporting year. This was the result of a study by Kirchhoff Consult and BDO.
In the leading Austrian index ATX, as many as 90 percent of companies report such selection criteria; in the leading German index DAX 40, the figure is 68 percent. "The integration of sustainable principles into supplier relationships is an essential lever for assuming holistic responsibility in the value chain," say the authors of the study.
However, sustainability is not equally important in the selection of suppliers in all sectors: according to the study, sustainability criteria play a subordinate role in the automotive and pharmaceutical industries in particular.
For the study, the auditing firm BDO and the consulting firm Kirchhoff Consult analyzed the annual and sustainability reports of listed companies from the DACH region for the year 2023.
©Keystone/SDA
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