Companies Discuss Business Sustainability Risk with Stakeholders

If the last decade taught the business world anything, it is that business sustainability risk is a moving target that requires a keen eye and an open ear. Stakeholder engagement, once a human resource or corporate communication function, has now become a business sustainability focal point.   Based on specific actions over the last few years, our sustainability consulting has observed a significant shift in corporate focus.  Business executives and corporate boards are reevaluating business risk, most notably in the supply chain.  We find many leading companies now realize the unique value of sustainable supply chain management as a strategic business differentiator, with stakeholder engagement playing a pivotal role in the assessment and execution of change.   Leveraging the actions of Volkswagen (VW) in the recent USA Today post, We know you're nervous, but our quality is improving, we observe the automotive super giant openly discussing its past quality issues and the role its ‘many’ stakeholders continuously play in their sustainable supply chain improvements.  Among the many actions to address quality, VW says it is: click here to find out.   

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