As COP28 kicks off today, we face a crucial moment for global climate action. While high-level policy is essential, we must recognize the pivotal role of supply chains in the sustainability equation.
I recently had the privilege of participating in an insightful meeting with The Sustainable Procurement Pledge, exploring innovative ideas and practices to drive sustainability in business—and in the procurement field in particular.
The Sustainable Procurement Wheel
One standout tool that caught my attention during the session was the Sustainable Procurement Wheel from the Embedding Project, expertly presented by Stephanie Bertels.
This tool is a game-changer for updating processes toward a more sustainable world. It provides a comprehensive framework for companies looking to embed social and environmental factors across their procurement operations.
Why It Works
Rooted in rigorous research methodologies with leading companies, the Wheel facilitates structured and reflective processes. It challenges us to:
- Ask the right questions.
- Identify gaps in our current sourcing strategies.
- Take credible, measurable actions.
Embracing tools like the Sustainable Procurement Wheel empowers us to navigate the complexities of ESG (Environmental, Social, and Governance) criteria, contributing to a more resilient and sustainable future.
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