Sustainability to businesses now extends beyond mere plans and strategies. Instead, it has emerged as an integral aspect that not only helps brands gain reputation, and credibility and fulfil their corporate responsibilities but also helps them improve their top line and record more savings.
In this edition, we bring conversations with two leaders who were successful in mainstreaming sustainability into their businesses. The interactions offer glimpses of their journey, the challenges, and strategies that help them achieve their goals. Additionally, the edition covers an opinion on the importance of supplier diversity and ways to make it a common practice.
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Conversation
Often when adopting sustainable practices, organizations focus only on building a team of members with experience in sustainable projects. But the truth is that instating a team with a sustainable bent of mind is less than half of the work done. As part of the Procurement Confluence meet, Infosys BPM caught up with Jim Gowen, Senior Vice President, Global Supply Chain and Chief Sustainability Officer of Verizon, to sharply turn the focus on what sustainability truly is for the corporate world.
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Procurement can facilitate the creation of an external and reliable ecosystem of suppliers committed to the ESG agenda and achieving set goals. Elaborating on the critical role of sustainability in the supply chain, Manish Bhasin, Global Head of Sustainable Procurement, A.P. Moller Maersk shares his experience on embedding sustainability as a critical aspect in an organization’s business plan.
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Opinion
Supplier diversity continues to remain a new area to venture into for many organizations. This paper discusses how to avoid considering supplier diversity as a business strategy and focus on it as more of a business responsibility that has the potential to reap business value if implemented effectively.
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