Understanding ESG in procurement

Procurement is no longer just about cost efficiency and managing supplier relationships. It’s now a key driver of an organization’s Environmental, Social, and Governance (ESG) impact. ESG has rapidly evolved from being a "nice-to-have" to a central business strategy pillar.

For procurement, this means embedding sustainable practices, promoting social equity, and ensuring transparent governance throughout the supply chain. This not only benefits the environment but also positively impacts a company's bottom line.

Organizations that prioritize ESG outperform the market by an average of 5.8% per year.

What are your ESG priorities?

Sustainability
Social
Governance
I don’t know