Sustainability

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.

Innovations in Sourcing: Microsoft & CDP (formerly Carbon Disclosure Project)

Posted: 08/06/2019 - 04:24
Author: Future of Sourcing Awards

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

Aligning with Microsoft’s overall mission to “Empower every person and organization on the planet to achieve more,” and the company’s long-term commitment to carbon neutrality, (since 2012), Microsoft’s Responsible Sourcing team recognized a gap in its own, and hence Purchasers as a whole, ability to accurately measure the CO2 footprint of a global supply chain.  
 

Money talks: Making the Case for Sustainable Procurement Investments

Posted: 08/01/2019 - 00:04
Author: David McClintock
The business benefits and value derived from robust responsible procurement programs can be remarkable, such as driving uplift revenue by 5% to 20%, reducing supply chain costs by 9% to 16% and increasing brand value by 15% to 30%. Creating such programs requires investing in key internal areas, such as new tools, staff and strategies to reap the value that’s possible.  
 

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