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Sustainable Procurement: Lessons from Leading Companies
Embedding sustainability into the supply chain makes good business sense. Embracing sustainable procurement practices can help companies manage business risks, achieve costs savings through material efficiency gains, enhance their brand reputation, and manage suppliers more effectively. Ever more regulations focusing on social aspects (e.g., human rights, slavery) further reinforce the need to embed sustainability into the supply chain. But success requires a focus on real-world impact rather than primarily compliance-based activities.
Is your sustainable procurement program oriented toward outcomes and impact? Take our short sustainable procurement self-assessment.
EXECUTIVE SUMMARY
How does a company advance from measuring its sustainability activities to focusing on the actual environmental and social outcomes it would like to achieve? And even more dauntingly, how does it encourage its supply chain to do the same? This report presents options for moving forward on sustainable procurement, drawing upon lessons from various companies that demonstrate commitment to outcomes and impact through their sustainable procurement practices. Executives can use it as a resource to refine their approach to accelerating impact across their supply chain.
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AUTHOR
Anuj Saush
Senior Researcher, Governance & Sustainability; Council Director, Environment Strategy Council
The Conference Board
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