Supplier sustainability: From intent to impact
The importance of sustainable supply chains to corporate environmental, social and governance (ESG) strategies has been well established. Suppliers, on average, account for 59% of a business’s impact on five sustainability areas, including the environment, human rights and fair business practice (source: Building a procurement sustainability programme, Procurement Leaders, 2020).
Although CPOs understand the sustainability goals they wish to accomplish, the path to successfully meeting these objectives is often obscured by a lack of accurate, up-to-date data and slow progress on the part of suppliers. More than one-third (37% of respondents say they struggle to obtain the data they need to measure supplier sustainability accurately while 35% consider driving process at suppliers to be a significant challenge.
Without knowing where the issues exist and baseline performance data, procurement teams will remain unable to set performance baselines and develop meaningful improvement plans. Download Procurement Leaders' Supplier sustainability: From intent to impact, published in partnership with Interos, to access:
- Insights into CPOs' sustainability aims and the barriers their teams face.
- Procurement Leaders' supplier sustainability framework, which will help teams to promote supplier transparency, set goals and drive progress.
- Leveraging technology to gain greater insight into deeper tiers of the supply chain.