In 2024, sustainability is no longer a checkbox; it is interwoven into every facet of procurement. With companies embracing a holistic approach, integrating Environmental, Social and Governance (ESG) factors and technologies such as AI and blockchain into their sourcing strategies, the discussions now focus on identifying the next and beyond.
In this edition, we feature a few such articles that talk about aspects such as what the new ESG legislation entails for procurement professionals, , the essentiality of Scope 3 emissions in becoming sustainable, and things to remember while achieving Scope 3 emissions targets.
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The ESG heat dome
In today’s world where waves of ESG legislation are putting pressure on the management, we talk about the heightened role of NextGen procurement.
Know moreOvercoming the orthodoxy, filling the gap
While most organisations are making solid progress on Scope 1 and 2 emissions, they are struggling with Scope 3 emissions, thereby forming a gap between intention and action. To be ESG-aligned, procurement shouldn’t simply be sustainable for the sake of it.
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Strengthening the net-zero target
Often, Scope 3 emissions represent most of an organisation’s emissions. Reduction of Scope 3 emissions through strategic procurement can be a testament to the transformative power of sustainable practices in shaping a greener and more responsible future.
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