Broad base of action but work to do
Compared to all survey respondents, more food, beverage and consumer goods companies are acting on the SDGs, with 87 per cent taking action compared to an average of 84 per cent. Despite this, only 21 per cent of respondents believe their system is moving fast enough to meet the SDGs
Enhanced supply chain focus
Compared to other systems, the food, beverage and consumer goods system has a greater focus on responsible supply chain issues. Some 60 per cent of system respondents use supplier risk assessments to improve supply chain understanding, compared to only 40 per cent for all systems combined. Research suggests this enhanced focus is linked to the need for the industry to demonstrate social compliance and ethical practices.
Although interviewees reported that the social SDGs were high priorities for the system, recognition of the challenge only stands at around 50 per cent. This shows more work is required to engage companies on the change required to deliver these SDGs.
Sustainable transition needs
Given the dynamics of this system, including relying on complex global supply chains and large workforces, collaboration across the value chain and partnerships with Governments and industry groups will be essential for delivering meaningful change. Digitalization and Science Based Targets are just some of the leverage points identified to create a supportive foundation for transition.