Consumers expect their favourite brands to be doing the right thing. This includes sourcing materials and products from sustainable sources.
Sometimes called ethical or responsible sourcing, sustainable procurement aims to integrate environmental and social considerations in the procurement of goods and services. Issues such as deforestation, environmental pollution or poor labour practices can be avoided by adopting a sustainable procurement framework.
Looking at procurement is also a great way of identifying the sustainability issues in your business and gives you a head start in developing your sustainability strategy. Having this in place enables you to communicate with your customers on progress against sustainability goals and target.
Sustainable procurement can also be a useful framework to work with suppliers to unlock new innovations and respond to emerging issues and concerns.
Cress Consulting can help your business become more sustainable and reduce supply chain risks. If you’d like to find out more please contact us here.