ESG and Non-Financial Performance
Procurement leaders and their teams use actionable insights about spend and suppliers to prioritize, track, and measure new sourcing initiatives that advance critical strategic goals.
Procurement’s Opportunity for Total Value Contribution
There is a growing demand for procurement to help achieve goals for Environmental, Social, and Governance (ESG) and other non-financial performance, including:
- Gas/Scope 3 Emissions
- Water Consumption
- Supplier Diversity
- Spend Compliance
- Supplier Risk
- Ethical Sourcing
Positive business results await those who make ESG progress. Gartner’s 2022 Sustainability Opportunities, Risks and Technologies Survey revealed that 83% say their sustainability programs directly created both short- and long-term value.
Procurement’s challenge is determining the right roadmap and solutions to get an accurate baseline, identify and act on opportunities, and measure contributions.
Procurement Insights: Supplier Diversity, Sustainability, and Risk Management
Procurement teams should be able to rapidly turn the latest spend insights into new projects that support strategic business goals. Using spend intelligence and procurement performance management, get the features you need to identify opportunities and deliver progress on ESG, supplier diversity, and non-financial performance targets.
Ardent PartnersProcurement 2023 Big Trends and Predictions
With more than half of the average enterprise’s ESG footprint resting with suppliers, the CPO is on the front lines in the fight to create a more sustainable value chain.
Spend Intelligence Speeds ESG Benchmarking and Project Decisions
Performance Management Hub to Track and Measure ESG Initiatives
Benefits from ESG Spend and Performance Insights
Companies can enhance their reputation by demonstrating their progress and actions taken to achieve stated ESG commitments.
Comply with regulations and reporting mandates. Communicate with clarity. Minimize risks. Control costs.
Help reduce pollution, carbon emissions, water and energy consumption, and more.
Eliminate unfair labor practices. Improve supply chain safety and resiliency.
Improve collaborative decision-making to drive alignment around ESG roadmap.