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Establishing competency in sustainable procurement in the age of ESG reporting

Author

Listed:
  • Sheehy, Catherine

    (Global Lead for Sustainability, Circularity and ESG Strategist, UL, USA)

  • Jacobs, Josh

    (WAP Sustainability, USA)

Abstract

With the rise of environmental, social and governance (ESG) reporting and a growing number of activist investors demanding greater visibility into organisations’ true impacts beyond financial performance, sustainable procurement is increasingly essential. With an already daunting list of product and service criteria and considerations, however, many procurement teams are unsure how to effectively incorporate sustainability requirements into their existing procurement programmes. This paper explores the surge in sustainable procurement, outlines the critical factors for successful implementation and presents tools and resources instrumental for developing guidelines. This information gives procurement professionals a starting point to successfully establish sustainable procurement in their own organisations.

Suggested Citation

  • Sheehy, Catherine & Jacobs, Josh, 2021. "Establishing competency in sustainable procurement in the age of ESG reporting," Journal of Supply Chain Management, Logistics and Procurement, Henry Stewart Publications, vol. 4(2), pages 126-136, December.
    • Handle: RePEc:aza:jscm00:y:2021:v:4:i:2:p:126-136
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    More about this item

    Keywords

    sustainability; sustainable procurement; supply chain transparency; environmental; social and governance (ESG) reporting; environmental labels;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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