Published in Supply & Demand Chain Executive on 31 May 2016
By Pierre-Francois Thaler, Co-CEO of EcoVadis
“Managing supplier performance and encouraging suppliers to take ownership of their own sustainability initiatives reaps a higher return on investment than a simple compliance approach. This is because Supplier Performance Management develops suppliers committed to growing their businesses using social and environmental performance as a source of a competitive advantage, benefitting both the buyer and supplier.”
In this article, Pierre-Francois Thaler explains the next level of applying a Supplier Performance Management mindset to sustainability practices will yield deeper changes that payoff in the near- and long-term.