Sustainability

Value Beyond Savings: 4 Ways Procurement Can Make An Impact

Posted: 05/22/2020 - 21:05
Author: Omer Abdullah
Procurement value

One of the most significant procurement trends we’ve seen so far in 2020 is delivering value beyond savings. So what exactly does this mean in the context of the function’s traditional goals?

Savings, as we all know, have long formed the foundation of procurement’s ROI to the organization. It’s been our primary charter over the years and is quite literally how the function has “paid its bills.”

What 100k Assessments Taught Us About Supply Chain Sustainability

Posted: 02/03/2020 - 00:00
Author: Sylvain Guyoton
Supply Chain Sustainability

At EcoVadis, we recently reached a major milestone on our road to improving sustainability and CSR performance across global supply chains — our 100,000th sustainability assessment. Since our first assessment in January 2008, we have collected data on more than 55,000 suppliers in 198 industries from 150 countries. Believe me, much has changed over the years.

As we look forward to our next 100,000 assessments, here is a look back at four things we’ve discovered.

Sourcing in the Circular Economy

Posted: 12/05/2019 - 09:51
Author: Martin Stark
Procurement plays a vital role in bringing new products and services to market, creating jobs and delivering economic prosperity for customers, stakeholders and shareholders. Sourcing plans identify value propositions, partnership and investment opportunities, new and emerging capabilities that have a substantial “positive” impact on the bottom line.

Can B2B Transactions Help Tackle Today’s Most Pressing Challenges?

Posted: 11/22/2019 - 05:17
Author: Paul Polizzotto
The role of business is quickly changing. Consumers, employees and investors expect businesses to act sustainably with more transparency – while also giving back to the communities that they operate in. To drive corporate social responsibility and sustainability holistically, companies need to examine their actions and operations to ensure their day-to-day activities align with the organization’s larger corporate commitments.  
 

Innovations in Sustainability: EcoVadis & Avery Dennison

Posted: 08/26/2019 - 06:18
Author: Future of Sourcing Awards
Innovations in Sustainability: EcoVadis & Avery Dennison

Can you outline why your team embarked on this project and the problem that needed to be solved?

Avery Dennison recognizes that its environmental and social impacts extend beyond its own walls. Led by Mitch Butier, President and CEO, Avery Dennison sets high standards and goals for responsible purchasing practices as part of its overall sustainability vision. Its business philosophy originally started with “first, do no harm,” but then quickly evolved to “become a force for good.”
 

The Rise of the Ethical Consumer and Why Businesses Need to Follow

Posted: 08/12/2019 - 23:44
Author: Franco Vessio
The human population is rapidly increasing. According to the UN, it may reach 9.7 billion by 2050, which is expected to increase food demand between 59 to 98%. As a result, agricultural markets will be impacted in ways we haven’t seen before. Farmers will have to increase agricultural land or enhance productivity, which still may not be quick enough to meet the forecasted demand for food. Climate change-driven water shortages, increasing global temperatures and extreme weather changes will also have a major effect on food production.

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