In 2025, boards face mounting geopolitical challengesâescalating tariffs, volatile trade, and evolving regulations. Amid this instability, integrating social responsibility into supply chains has become a strategic way to enhance resilience and long-term value.
By Purvee Kondal â Nasdaq Center for Board Excellence
Boards can guide leadership to strengthen social responsibility in procurement through these five strategies:
- Advance ethical sourcing standards
- Integrate social responsibility into procurement strategy
- Strengthen supplier accountability and transparency
- Leverage board oversight to embed responsible practices throughout the supply chain
- Tie leadership performance to social responsibility outcomes
By aligning the âSâ in ESG with corporate governance, boards can elevate supply chain strategy from risk management to a source of trust and long-term value.