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Understand and quantify the organization’s current ESG footprint. Identify the most significant risk areas and improvement opportunities. Determine what matters most in the context of the company’s overall ESG agenda. And set goals and targets for sustainable procurement.
One of these targets aims to “promote public procurement practices that are sustainable, in accordance with national policies and priorities.” Simultaneously, there has been a global trend of refining strategies for using public procurement to reduce environmental impacts.
Three near-term actions—developing baseline insights on emissions and pricing for inputs, defining a sourcing strategy to lower emissions over time, and implementing sourcing plans at speed—could prove valuable as businesses prepare for the green-materials supply crunch.
Procurement can make a crucial contribution by enhancing spend transparency and capitalizing on movements in supply markets. Demographic shifts, including shrinking workforces and rising skill gaps, that intensify competition for digital talent.
In this article, we outline how procurement can deliver on its dual mission of improving profitability and driving decarbonization, and we recommend actions for chief procurement officers (CPOs) and other leaders across the value chain who want to take a proactive stance as the industry transitions.
Sustainable apparel sourcing is fast becoming a top priority for fashion companies. A survey of sourcing executives reveals ambitious targets—and highlights the transformation needed.
An example of how to read the “Sustainable procurement” chart is as follows: 20 percent of companies want to make their procurement 100 percent sustainable by 2025. The Honest Company was founded by Jessica Alba for the purpose of promoting cleaner and more sustainable products in the baby space.
Our sustainable procurement strategy, along with our Sustainable Procurement Policy, supports social responsibility within our firm while driving high standards of environmental and social responsibility among our suppliers and more broadly across business and society.
Responses from more than 11,500 consumers reveal three main findings. First, across all countries, hygiene and shelf life top the list of factors important in consumers’ purchasing decisions. Second, on the environmental impact of product packaging, consumer concerns related to ocean litter are most evident in Europe, Japan, and the United ...
In this article, we outline how procurement can deliver on its dual mission of improving profitability and driving decarbonization, and we recommend actions for chief procurement officers (CPOs) and other leaders across the value chain who want to take a proactive stance as the industry transitions.