The new generation of aware costumers, a more engaged society and our own planet ask for transparence, traceability and sustainability in our supply chain.
Being aware of this situation and working to make it possible is no longer an option for professionals who manage procurement and production in the fashion sector but an unwavering obligation we have to comply with.
Because of this, I provide you with this valuable and professional report, “Scaling Up Sustainable Procurement, A New Phase of Expansion Must Begin”, white paper based on the 2017 HEC/EcoVadis Sustainable Procurement Barometer, 7th Edition, so that you can download it for free at the end of the following executive report.
The importance of sustainable procurement (SP) continues to grow rapidly and has evolved into an integral business function responsible for reducing costs, mitigating business risk, protecting and improving brand reputation, driving revenue, and supporting innovation and growth.
As a result, Fortune 500 organizations across the globe are investing heavily to ensure sustainability is ingrained across all aspects of their supply chain and procurement operations. The challenge –especially for chief procurement officers (CPO) and chief sustainability officers (CSO)– is to ensure the investment pays oﬀ and has the desired impact across the supply chain in accordance with CEOs’ and top managers’ expectations.
Since the first study carried out over 10 years ago, the HEC/EcoVadis Sustainable Procurement Barometer has measured the evolution of SP practices in global procurement organizations and aimed to provide an understanding of the SP landscape, including sector and geographical diﬀerences, industry strengths, new frontiers for innovation, and the potential levers for success in the future.
The value in the sustainable procurement chain.
The last Barometer, published in 2013 and titled “Time To Measure Value Creation”, found global organizations struggling to harness the attention and support of top management and lacking solid footing around performance metrics and objective setting. We are today witnessing an SP landscape nearing adolescence, so to speak, with many organizations shifting their focus on growing their programs to achieve a significant increase in coverage. In this year’s report we see a theme of ‘scaling up’ emerging for established programs as we find organizations are at a critical juncture for SP growth.
Covering ‘strategic’ or ‘large spend’ suppliers is simply not enough. Disasters like Tianjin and Rana Plaza are reminders that significant risks remain unaddressed in most global supply chains. There is immense scope of work to be done to cover the ‘long tail’ of risk areas representing significant risks. The more mature SP programs are seeking the right strategies and investments needed to scale up their programs to include breadth and depth of coverage of their supply base.
Our providers are our associates in sustainability and CSR.
For the first time in the HEC/EcoVadis Sustainable Procurement Barometer, an additional survey was also conducted with suppliers to gather data and insights from their perspective. Findings from this survey suggest that not only increased engagement, but also better internal alignment with suppliers will be critical to develop strategic partners to innovate on sustainability and beyond.
In the coming years, sustainability in procurement will need to rapidly evolve into a new phase of maturity in order to meet the growing demands of stakeholders and executive management, and moreover to align with the ambitions of the UN COP21 Paris Agreement.
To download the report, click here.
Click here to Log in / Register