As reported, the effects of climate change will cost companies up to $1.6 trillion per year by 2025(Forbes). Two-thirds of the average company’s environment, social, and governance footprint lies with suppliers(McKinsey).
Embedding sustainability in your procurement operations will help you achieve your Sustainability targets and reduce your impact on the environment. By addressing social issues and human rights and managing and educating your supply chain, you will provide your organisation with better efficiency and higher competitiveness and reputation.
Today we’ll listen to business experts and Procurement leaders who take bold ideas into action to make a decisive difference in your organisation’s procurement and supply chain process and performance.
In an OpenText survey on more than 25000 consumers, 81% said yes when asked whether purchasing ethically sourced and/or produced products matters, and 83% said they would be willing to pay more for a product they could be sure was ethically sourced. Is your sourcing and buying process ethically responsible? How can you make your sourcing process more sustainable and improve competitiveness and revenue?