SUSTAINABILITY not only makes the procurement process cost efficient but also helps organisations to build a sustainable culture . Establishing clear sustainability criteria , regular monitoring , and transparent reporting mechanisms are key to staying on track . It is also essential to embed sustainability into culture through education and gamification .”
Tracking Scope 3 emissions is one strategy that procurement can adopt to meet their net zero targets and it starts with mapping the value chain of the business . Once this has been done , organisations can see where waste can be removed and emissions reduced through applied observability .
“ Scope 3 requires companies to accurately and reliably collect , store , and analyse vast quantities of data ,” says Levent “ Previously , this information was either untracked or simply didn ’ t exist . Therefore , procurement functions need the ability to robustly interrogate their supply chain and have accurate supplier data at their fingertips .
“ A strong data position is crucial here , helping businesses identify opportunities to decarbonise their operations and supply chain through waste management and circular economies – reducing , recycling , reusing and removing where possible .”
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