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Beyond Compliance: How Procurement Can Drive ESG Leadership and Decarbonization

Jaggaer

By combining H&Zs sustainability expertise with JAGGAERs advanced procurement technology for Scope 3 emissions tracking and data collection, organizations can better integrate sustainability into their procurement strategies. As companies seek to address these issues, the role of procurement is changing.

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­Driving decarbonization with technology

Taulia

This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. China: Responsible for 27% of the world’s greenhouse gas emissions, China is aiming to reach its carbon emissions peak before 2030 and achieve carbon neutrality before 2060. How can technology help?

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Ethical Sourcing in Today’s Business Landscape

Bristlecone

This heightened awareness places a significant responsibility on procurement professionals to ensure that their supply chains align with ethical and environmental standards. Implementing Ethical Sourcing in Procurement 1 Set Clear Goals: Define specific, measurable, achievable, relevant, and time-bound (SMART) ethical sourcing goals.

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The Top 5 Key Supply Chain Capabilities

Procurement Academy

It incorporates disciplines such as procurement, logistics, and inventory management to create a cohesive and competitive supply chain. Theyve set lofty targets to become a fully circular business by 2030 and currently have over 60% of their products made from renewable materials.

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GenAI and the Skills Gap in Procurement

Jaggaer

A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. Procurement leaders recognize the imperative in front of them, but what does it mean for the future skills profile of the profession? efficiency gap.

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How Artificial Intelligence Benefits Logistics and Supply Chain!

Supply Chain Game Changer

To maximise operations, procurement must be made aware of the effects that data problems will have later. AI In The Future Of Logistics And Supply Chain Management According to a McKinsey analysis, AI will develop a new “logistics paradigm” by 2030 as it performs better than humans in time-consuming but crucial activities.

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Financial Implications of Not Having Net Zero Plans

Jaggaer

The latest reforms are part of the EU “Fit for 55” package , aimed at reducing net greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. Impact on Procurement Functions The introduction of net-zero plans will significantly impact the procurement function within affected companies.