How to Evaluate Supplier Sustainability
CPOs can use this research to evaluate the sustainability performance of suppliers as they continue to drive their organization's sustainable procurement strategy
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Sustainability is a multifaceted concept that includes environmental, social, and governance topics.
Here are some key findings:
- Sustainability is a multidimensional concept that includes environmental, social, and governance topics. However, most organizations are not taking a holistic approach to measuring sustainability across all three factors
- Most organizations have a position on some aspects of sustainability but often struggle to objectively assess suppliers on sustainability topics due to inconsistent definitions
- Procurement leaders are struggling to define a standard way to measure supplier sustainability performance, with 57% reporting this as one of the top three challenges they face when engaging suppliers on sustainability
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