FinTech Magazine - May 2022 | Page 52

THE STANDARD

“ Deeper storytelling will be a core element of the report . We ’ re committed to sharing stories — many of which have not been shared publicly — about ESG activities ”

RACHEL HENNEY HEAD OF PROCUREMENT , SUPPLIER MANAGEMENT AND GOVERNANCE , THE STANDARD
“ But particularly in the last two years , during the COVID-19 pandemic . We ’ ve really seen great success with our shift to working remotely while continuing to provide the superb customer service that sets us apart from our peers .”
The Standard and its ESG commitment In the early stages of its environmental , social , and governance ( ESG ) related work , The Standard ’ s approach to ESG has always been driven by its vision “ to support a healthier environment for all , to strengthen communities , to align corporate values , and ensure we always take the high road ,” says Henney .
She adds : “ ESG is important and it will continue to be a focus for us .”
Yearly , The Standard reports on its ESG activities , sharing details on its plans to ensure the long-term sustainability of the company as well as its measurement and management of its impact .
While Henney can ’ t share many specifics in regards to its upcoming 2021 report , she can say : “ The 2021 report will be focused on how we ensure the long-term sustainability of the company , and measure and manage the impact our company has on our customers , communities and environment . It will also continue to highlight how we create a workplace culture in which each employee is valued and respected .”
When asked how the 2021 report will compare to 2020 , she adds : “ Deeper storytelling will be a core element of the report . We ’ re committed to sharing stories — many of which have not been shared publicly — about ESG activities inside our various business units .”
The Standard is committed to multiple United Nations Social Development Goals ( SDGs ), the adoption of which will help the company to not only track and report on its work , but to tell a more complete and transparent story when it comes to its sustainability .
The Standard ’ s dedication to supplier diversity With supplier diversity being a core pillar of The Standard ’ s ESG model , this approach offers the company an opportunity to support its communities . “ Supplier diversity is a business imperative ; we take this very seriously and promote inclusion of diverse suppliers with our standard workflow for procurement and sourcing events ,” explains Henney .
She adds : “ We continually grow and promote our supplier diversity efforts by benchmarking activities with industry peers for best practices , leveraging the advocacy organisations that certify companies as diverse ( NGLCC , NMSDC , MBENC ) for future matchmaking events to grow our portfolio of diverse suppliers .”
52 May 2022