ESG

Traceable value chains

Demands for sustainability reports to become more transparent will increase more and more in the coming years. This, in turn, means that the need for data is increasing for companies to enable traceability in the value chain. And traceability will be crucial for achieving both internal efficiency targets and compliance.

Regardless of the size of the company, ESG reporting is inevitable if you want to future-proof your business, as ESG is about sustainability. However, it can vary from company to company which areas are relevant to include in their ESG efforts, as long as it relates to the United Nations’ global goals for sustainable development.

What does ESG mean?

Environmental factors encompass the management of climate change, resource efficiency, emissions, and environmental considerations.

Social factors include working conditions, diversity, labor rights, and community relations.

Governance encompasses corporate structure, ethics, integrity, and leadership. Strong governance promotes transparency and accountability in the company’s decision-making.

Traceability – a necessity for ESG reporting

GS1 standards enable businesses to achieve traceability. Through traceability at the product level, companies gain increased opportunities to:

• create business value

• achieve the sustainability reporting requirements

• ensure regulatory compliance

• improve their operational efficiency

• gain deeper insights into their climate impact

• clearly see improvements in the value chain

• gain control throughout the value chain

Standards that support sustainability reporting

Position papers

EU Regulation on Deforestation Free Products (EUDR)

EU Corporate Sustainability Due Diligence Directive (CSDDD)

EU Common Fisheries Policy and the revised Fisheries Control Regulation (CFP)

EU Packaging and Packaging Waste Regulation (PPWR)

Related areas

Ongoing initiativesDigital Product Passports

Digital Product Passports (DPPs) are digital representations of physical products that show life-cycle sustainability data. Learn more about how GS1 standards enable digital product passports to work in practice.

Ongoing initiativesPackaging

GS1 standards can play a critical role in the implementation of the proposed EU Regulation Proposal Packaging and Packaging Waste (PPWR). Read more here.

BlogGS1 Sweden takes leading position in European standardization for Digital Product Passports

Johan Dahlgren from GS1 Sweden elected as chairman of a working group within European standardization for Digital Product Passports (CEN/Cenelec).

BlogNew EU regulations approved this week – how GS1 standards can enable compliance

A wide range of new sustainability legislation has been approved in the European Parliament. Find out how GS1 standards can enable legal compliance in this blog post.

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