Survey: Focus on sustainable procurement intensifies across the globe
In 2017, the two largest obstacles for sustainable procurement programs were a lack of internal resources and difficulty tracking supplier sustainability performance.
Sustainable procurement programs are more integral and widespread than ever before, but face a critical juncture as they scale to reach the next level of maturity, according to the results of the new "EcoVadis/HEC Sustainable Procurement Barometer," published by EcoVadis, a New York-based platform for environmental, social and ethical performance ratings for global supply chains.
“Sustainable procurement is no longer a nice-to-have; it’s an integral business function responsible for protecting and improving brand reputation, driving revenue and mitigating business risk,” says Pierre-François Thaler, co-CEO. “In order to scale up, the mature programs are investing in embedding sustainability into processes across their procurement organizations. One key outcome of this benchmark study is to help inform and inspire all organizations to accelerate their progress toward leadership and realize the rewards and ROI.”