TECHNOLOGY
Becoming More Sustainable With the Help of Procurement Platforms “ Companies today are no longer judged solely on what they do , but how they do it . Leading companies are already leveraging contracts for their efforts toward Environmental , Social , and Governance ( ESG ) commitments . It is becoming an increasing priority and procurement , with its control over company spend , has the power to drive positive change ,” says Patteson .
With this in mind , Saric adds that “ as more and more organisations pledge to meet net zero by 2030 , smart procurement platforms are helping to support sustainability goals . For instance , we ’ re now seeing more organisations opt for effective collaboration platforms to help share detailed goals with their suppliers , share third party information , and gain a 360-degree view of their supply chain – enabling them to set automated action plans and hit important sustainability targets .
“ Without effective procurement platforms , a lot of sustainability initiatives fall short because procurement is the gatekeeper to all suppliers . But by leveraging cloud technology , organisations can work with stakeholders across the supply chain to drive green initiatives . Cloud platforms can also tackle the issue of sustainable supply chains by offering access to sub-tier suppliers , so that they can all share data on sustainability . This gives organisations a more complete view , which is vital to help them to meet pledges to net zero ,” continues Saric .
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