Procurement has a critical role to play in addressing sustainability issues. Research from Procurement Leaders suggests that supply chains account for 50-90% of a company’s environmental footprint. However, without a holistic view of interconnected supply chain data sources, transparency is still lacking. Businesses will need much deeper insight into their complex, multi-tiered supply chains if they want to drive meaningful impact.
Addressing sustainability issues has become a pressing concern for global businesses in a variety of sectors, with market pressures from consumers, investors, employees, and even NGOs increasing the urgency for greater supply chain transparency. Chief Procurement Officers have a great opportunity to take the lead in this transformation by quantifying supplier ESG impacts and driving sustainability initiatives forward in their own organizations.
Download the Leveraging Technology white paper to learn:
- How procurement teams can leverage technology to fully understand their suppliers’ sustainability profiles
- How those insights can be used to make informed and responsible business decisions
- Why CPOs should should take the lead when it comes to assessing ESG impacts