As organizations set ambitious goals for carbon neutrality, net-zero targets, and social responsibility, procurement has emerged as a powerful catalyst for change. Forward thinking organizations are now recognizing that procurement holds the key to building resilient, responsible, and future ready chains.
In this edition, we focus on the limitations of conventional ESG frameworks, showcasing forward-thinking strategies that encourage companies to look beyond mere compliance and adopt a holistic approach to sustainability. The conversation then moves to address the growing importance of the circular economy in procurement, discussing innovative methods to curb Scope 3 emissions. Additionally, we put the spotlight on the role of blockchain in supply chain management, where its ability to provide traceability and security is paving the way for more sustainable sourcing.
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TEAM SPENDBYTES
Point of View
Sustainability in procurement has reached a critical inflection point. While environmental, social and governance (ESG) compliance has become widely accepted framework, it does not guarantee real, measurable impact. To achieve genuine sustainability, procurement must evolve from compliance-based approach to an impact driven strategy.
Know howOpinion
Often accounting for over 70% of a company's carbon footprint, Scope 3 emissions are a major challenge in corporate sustainability. Conventional linear supply chains, built on a “take-make-waste” model further compound to this issue. Amidst, embracing circular economy principles presents a powerful alternative, offering businesses a pathway to reduce environmental impact.
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White Paper
In an era where sustainability is paramount, blockchain technology emerges as a transformative force capable of revolutionizing supply chains. The decentralized nature promotes collaboration and trust among supply chain participants, driving collective efforts towards achieving sustainable development goals.
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