ESRS-value-chain-as-a-basis-for-impact-identigication-materiality-esg-sustainability-GRI-ESG-significant-impacts-efrag-eu

Eliminate non-value
adding activities.

Redirect resources towards enriching the end-user experience in a sustainable way (thus gaining competitive advantage).

What are the key questions within the scope of value chain analysis?

Consider whether each activity contributes value or if it could be removed.
Could the resources saved by eliminating non-value adding activities serve as an effective strategy to redirect them towards enriching the end-user experience in a sustainable way (thus gaining competitive advantage)?
How is your delivery of value benefiting the business, the world, and stakeholders?

In the example sited in this article, Japanese automakers streamlined their operations by adopting a just-in-time delivery approach for vehicle tires, eliminating the need for storage facilities, maintenance, and additional resources. This efficient strategy allowed them to allocate the saved resources toward enhancing the end-user experience through valuable vehicle features like automatic transmission, GPS systems, and premium sound setups.

By identifying significant impacts along the value chain, businesses can uncover opportunities to deliver value to both the world and stakeholders.