As regulations tighten, investor expectations rise, and consumer demands evolve, companies are striving to reduce the adverse environmental impacts of their operations, with supply chain optimization becoming a central focus. Due to the shortcomings of traditional supply chains in ESG risk management and the threats they pose to supply chain security and stability, industries across the board are urgently rethinking and reshaping supply chain management models to promote sustainable development.

The "2024 2nd China Sustainable Supply Chain Innovation Forum," hosted by BidWin, was successfully held in Shanghai, China, from July 10 to July 11, 2024. The forum focused on the challenges and opportunities in supply chain decarbonization and sustainability across industries such as fast-moving consumer goods, chemicals, automotive, and logistics. Discussions covered integrating ESG factors into supplier management, assessing ESG risks, addressing supply chain governance challenges, building procurement systems that are compliant, environmentally friendly, and responsible, and achieving end-to-end transparency from design and procurement to manufacturing and distribution. Additionally, the forum explored integrating circular economy principles into product design and procurement processes, aiming to establish a responsible, resilient, and sustainable supply chain ecosystem.

The forum invited representatives from well-known companies such as Sedex, Huawei, Intel, Deloitte Consulting, AkzoNobel, and Maersk to share their experiences and explore innovation and development in sustainable supply chains. Our CEO Mr. Qu Weifeng was invited to attend the forum and, at the invitation of the organizers, delivered a keynote speech on the second day of the forum titled "Sustainable Supply Chain Management for International Enterprises."

Sustainable Supply Chain Management for International Enterprises
Mr. Qu's speech focused on the ESG challenges facing enterprises in the current global business environment and emphasized the critical role of supply chain management in achieving corporate sustainable development goals.
In his speech, Mr. Qu first pointed out that in the face of regulatory requirements, investor expectations, and shifting consumer preferences, companies must take proactive measures to reduce their negative environmental impacts. He emphasized that as a vital component of corporate activities, supply chain sustainability has become an area that companies must prioritize. He noted that the shortcomings of traditional supply chains in ESG risk management could lead to issues in supply chain security and stability. Therefore, rethinking and reshaping supply chain management models to promote sustainable development has become an urgent task for all industries.

Subsequently, Mr. Qu shared Leverage's professional expertise in providing one-stop solutions and value-added services, including factory audits, certification, product inspections, green supply chain management, training, and carbon neutrality planning. He detailed how Leverage helps clients gain a competitive advantage in the global supply chain and become their most trusted business partner.

Mr. Qu also introduced international and domestic regulatory frameworks for ESG, including the standards issued by the International Sustainability Standards Board (ISSB), the climate-related disclosure rules of the U.S. Securities and Exchange Commission (SEC), and the "Self-Regulatory Guidelines for Listed Companies" previously issued by the China Securities Regulatory Commission. He suggested that companies need to understand and adapt to these frameworks to ensure the transparency and compliance of their ESG reports.

Finally, he proposed a series of recommendations, including abandoning illusions, proactively fulfilling responsibilities, collaborating, pursuing sustainable development, and actively participating in international ratings to enhance comprehensive competitiveness. He called on companies to take action, optimize development paths, enhance competitiveness, and demonstrate China's actions and responsibilities in the global supply chain.

The successful holding of this forum marks a solid step forward for China in the field of sustainable supply chain management. Through this forum, we have glimpsed the future trends of supply chain management and recognized the collective efforts required to achieve this goal.
From vigorously promoting the transformation of corporate sustainable development to helping Chinese enterprises integrate into the global supply chain more conveniently, responsibly, and confidently, to engaging in business practices for good across multiple dimensions, Leverage has been committed to spreading knowledge, concepts, and best practices in sustainable development, including compliance, responsible supply chains, ESG, and carbon neutrality. Leverage has always been dedicated to promoting the sustainable development of supply chain stakeholders through industry influence. In the future, Leverage will continue to leverage its team's professional expertise to assist enterprises in their sustainable development transformation. We look forward to collaborating with more partners to jointly advance China's sustainable development strategy.
If you want to know more information, please contact us:
■ Shanghai :
Leverage Limited (Shanghai) Co., Ltd.
Address: Room 402, No 2. Building, No .1328, Hengnan Rd, Shanghai, China
Phone: + 86 21 64067720
Email: info@leveragelimited.com
■ Hongkong :
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Address: Room 1318-19, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong
Phone: +852 30696906
Email: bruce.lau@leveragelimited.com
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