Global businesses are prioritizing sustainability in their supply chains more than ever before. Across sectors, we’re increasingly seeing businesses develop sustainable procurement policies, putting carbon reduction strategies and environmental commitments to the top of their priorities list when evaluating new supplier engagements.
According to a 2023 survey from Stanford Business School, over half (51%) of global business currently have sustainable procurement policies in place to strengthen their supply chains. The need to reduce scope 3 emissions has brought procurement to the forefront of business strategy today, and driven increasing collaboration with sustainability and other departments.
