Procurement Magazine July 2024 | Page 96

STRATEGIC SOURCING
Kenvue ’ s Healthy Lives Mission , environmental , social and governance strategies , as well as maintaining high standards for responsible sourcing and corporate citizenship .
“ Our SCOC is validated through our monitoring and audit approach , aligned with international standards ,” Pamela adds .
“ To position us to achieve Kenvue ’ s science-based climate targets , we are working with our top suppliers by emissions to support them on their journey to set their science-based targets , the first step in collaborating to decarbonise our value chain .
“ We are asking suppliers to share relevant data , including , on supply chain transparency for example , ensuring we comply with the complex legal and regulatory requirements that are applicable .”
In May , Kenvue convened with its closest suppliers to discuss its priorities , including its commitments to the health and well-being of people and the planet , and ways in which the company might partner to advance progress .
Social responsibility and environmental stewardship is central to Kenvue ’ s Healthy Lives Mission , essential for managing business risks , seizing opportunities , and delivering value to stakeholders . Pamela says : “ We recognise that healthy people need a healthy planet on which to thrive and that we must partner with like-minded organisations , including our suppliers , to accelerate and scale our progress .”
Pamela adds that the “ rapidly evolving ” ESG regulatory landscape is intensifying
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