[Procurement Foundry Forge] Procuring for Impact: Metrics for Value Chain Improvement & Impact
While the Covid-19 crisis provoked procurement teams to rethink their supply chain sustainability strategies (generally, to optimize for resilience vs “just in time”) new forces are causing leaders to raise the ambition of their sustainable procurement programs beyond resilience to driving measurable “improvement and Impact”.
In this session, Andrew Smith from EcoVadis covers:
Trends and forces such as rapid growth of corporate commitments on climate and carbon action, a coming raft of regulation around supply chain due diligence and/or reporting, and the rising specter of greenwashing scrutiny/accusations…
What are the key attributes and metrics of a sustainable procurement program that can respond : Impact and Improvement as their new “North Star” for their programs: what tools/ indicators (including update to the new Carbon Action Module) - and engagement strategies they are using to not just monitor, but engage suppliers in an improvement journey for environmental, social and ethical performance.
The highlights of the latest EcoVadis Network Impact Report, illustrating some of the powerful actions and results from the Network.