With time, procurement teams have shouldered a greater responsibility in making organizations successful, from merely being a perpetual cost reduction objective. As a result, both public and private sectors have worked in their own ways to ensure greater adaptability of social responsibility within their organizations. In this edition of SpendBytes, we feature interesting reads covering various aspects on how procurement can boost sustainability culture in the business world.
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Feature
Social responsibility has all the tools to improve a company’s reputation and make it more attractive to consumers, employees, and suppliers. As a result, nearly 67% of organizations cited enhanced Corporate Social Responsibility as one of the top priorities.
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The importance of circular economy and its business principles became strongly notable during the COVID era, which showed the weaknesses of globally structured economies and natural resources-based industries.
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Blog
As climate change and global warming become the hot topic of discussion, procurement is uniquely positioned to address sustainability concerns with its huge buying power.
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