DIGITAL PROCUREMENT
“ What ’ s changing is the volume and scope of legislation ”
JONATHAN KINGHANS
SENIOR DIRECTOR , DIGITAL PROCUREMENT TRANSFORMATION AND
MANAGED SERVICES , GEP compliance and risk , and how all of this should inform decision making .”
Kinghans adds : “ It is important companies don ’ t see this as an EU thing . It ’ s not . It impacts any company with more than 500 employees and US $ 165m in revenues that has a presence in the EU .
Non-EU companies that do not comply face heavy penalties . These include a ban from selling goods or a fine of up to 5 % of global revenue . This will be expanding to any company with more than 250 employees and US $ 44m revenue .
Kinghans ’ advice is to get the basic decisions done first . “ Begin with how procurement needs to deliver what is needed . Then look at how to gain visibility into the value chain , and determine who is accountable for compliance in the team . Then measure and report Scope 3 emissions , and once all of this is in place , the focus should be on developing a realistic plan to reduce emissions .”
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