Procurement Magazine January 2023 | Page 15

Mounting ESG hurdles and the pivotal role of procurement

Mark Perera is CEO and Co-Founder of Vizibl , the company behind the world ’ s leading supplier collaboration and innovation platform . As CEO , a large part of Perera ’ s role involves speaking directly to Vizibl ’ s customers and prospects to learn more about their challenges , gaining an understanding of how Vizibl can work alongside them to iterate on and expand existing offerings to meet those needs .
Procurement ’ s sustainability progress Perera feels that “ there has been an overall lack of real progress in sustainability ”, though he emphasises that “ this isn ’ t something that can be landed at the door of procurement alone ”, with “ some mitigating factors at play that have also prevented things from moving forward at the pace that they need to ”. He says procurement has had more “ immediate ” issues to deal with in the supply chain , mainly caused by the hangover from COVID-19 , the ongoing Russian war in Ukraine , and – for people in the UK – Brexit-related supply problems . Therefore , ways to reduce scope 3 emissions in the value chain , for example , have once again had to take a back seat .
� OCEANUM Sustainable sourcing is growing , and Oceanum is exploring the many uses of sea plants to transform numerous industries from packaging to textiles
� OWENS CORNING As sustainability efforts grow globally , Owens Corning – the world ' s largest manufacturer of fibreglass composites – seeks a circular economy
� BALFOUR BEATTY Recent survey finds netzero 2050 targets being thwarted by lack of skills , robust reporting standards , and costs of procuring materials .
� TAIWAN Procuring semiconductors from Taiwan may be exposing fragility across the semiconductor supply chain , with Taiwan being responsible for nearly 65 % of global semiconductor supply . Single-supplier dependencies fail to spread the risks .

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