Beyond ESG Compliance: Transforming Procurement into a Driver of Sustainability
Meeting ESG compliance has often been seen as synonymous with sustainable procurement. As procurement evolves to be a network builder for businesses, the concept of sustainable procurement needs to evolve to embrace a more transformative and responsible approach driving long term impacts.
Historically, procurement departments were driven by cost and efficiency, focusing on maximizing value while minimizing expenses. While environmental, social, and governance (ESG) compliance establishes a baseline for responsible sourcing, leading organizations are increasingly setting more ambitious targets.
