“ Given the transformational nature of this implementation and the centralisation of procurement for the region , our primary focus will be on implementation planning and change management activities across the region ”
SMBC GROUP
“ Given the transformational nature of this implementation and the centralisation of procurement for the region , our primary focus will be on implementation planning and change management activities across the region ”
FRANK WADSWORTH MANAGING DIRECTOR AND CHIEF PROCUREMENT OFFICER , SMBC AMERICAS DIVISION
“ A second priority is to establish a strategic sourcing engagement model and policy with the business to ensure that procurement is in front of buying decisions . It ’ s important to establish a supplier portfolio-based buying approach to ensure we are selecting the appropriate suppliers based on business requirements , supplier market segmentation and capabilities , and to ensure we are leveraging aggregate purchasing power when making our buying decisions .”
“ The third priority is to establish quarterly business reviews ( i ) internally with key stakeholders and business representatives , and ( ii ) with our strategic and critical suppliers , to ensure visibility into their pipeline of prospective deals as well as provide performance feedback .”
According to SMBC ’ s Christine Ackerson , Head of Sustainability , Americas Division : “ We are committed to fostering a society in which today ’ s generation can enjoy economic prosperity and wellbeing to pass on to future generations .
Ackerson explains : “ SMBC ’ s ten-year sustainability roadmap – called GREEN X GLOBE 2030 – is focused on the environment , community , and next generation , including initiatives to address climate change by committing to becoming net-zero in its global operations by 2030 , and net-zero in its loan and investment portfolio by 2050 , all while supporting our customers in the transition to a decarbonised society .” The firm ’ s ESG priorities for procurement are :
• Achieve net-zero greenhouse gas ( GHG ) emissions in its operations by 2030 ( including company travel , but excluding suppliers currently )
• Procure renewable energy ( goal of100 % renewable energy for its operations by 2024 )
• Promote supplier spend diversity
• Develop green procurement guidelines ( including greener office supplies , green leasing for office space )
SMBC ’ s approach to sustainability The firm ’ s procurement team is working closely with the SMBC Americas Sustainability Committee and ESG team to incorporate ESG goals into the procurement policy and to execute against each of the ESG goals for procurement . procurementmag . com 59