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Corporate Procurement Officers Say Sustainability Now Key Criteria For Purchases
February 10, 2017
Corporate Procurement Officers Say Sustainability Now Key Criteria For Purchases
By Kelli Barrett, Ecosystem Marketplace
10 February 2017 | More and more companies are incorporating sustainability criteria into their procurement activities, according to new research released February 7.
The 2017 Sustainable Procurement Barometer, published jointly by Paris-based sustainability consultancy EcoVadis, and the Hautes études commerciales de Paris (HEC Paris) business school, is the first Barometer report since 2013, and it shows a sharp increase in sustainability awareness. The findings echo those of the Forest Trends Supply Change project, which shows steadily increasing corporate action to halt deforestation.
The new Barometer report is built on a survey of 120 procurement officers, primarily in the manufacturing and retail sectors. Ninety-seven percent of the respondents listed sustainability it as one of their top five priorities, up from 93% in 2013. Sustainability, however, has yet to make the top three overall, which are: cost savings, compliance and risk reduction.
This increase in intent is also reflected in Supply Change, which tracks corporate commitments to reduce deforestation related to the “big four” commodities responsible for most deforestation – namely, soy, palm, cattle and timber & pulp, . It’s seen the number of commitments increase from 307 in early 2015 to 579 in June of last year to 764 now. A new analysis of findings, due in March, is expected to show a dramatic increase in transparency around the implementation of those pledges.
Read more at the article from the Ecosystem Marketplace.
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