Vasudevan (Shyam) Krishnan’s Post

Does your organization measure supplier ESG risks at onboarding? 📊 A discussion-worthy statistic from ProcureCon’s Sustainability Report: Only 10% measure ESG risks for their suppliers at onboarding and 8% at pre-qualification or discovery. Possible reasons: - Current technology hinders timely ESG assessments during supplier discovery and onboarding. - Current manual processes are slow and cumbersome, preventing the proper data collection to manage risks. - Resources only allow companies to focus on current suppliers versus new suppliers. Join the conversation! Do you think more companies should measure ESG risks at onboarding? Download the report to get more insights on how procurement leaders are currently tackling their sustainability initiatives.

Does your organization measure supplier ESG risks at onboarding? 📊 A discussion-worthy statistic from ProcureCon’s Sustainability Report: Only 10% measure ESG risks for their suppliers at onboarding and 8% at pre-qualification or discovery. Possible reasons: - Current technology hinders timely ESG assessments during supplier discovery and onboarding. - Current manual processes are slow and cumbersome, preventing the proper data collection to manage risks. - Resources only allow companies to focus on current suppliers versus new suppliers. Join the conversation! Do you think more companies should measure ESG risks at onboarding? Download the report to get more insights on how procurement leaders are currently tackling their sustainability initiatives.

How should ESG be incorporated into overall supplier management? In the latest ProcureCon Sustainability Report, our Chief Product Officer Danny Thompson answers this question: “Keep it simple. ESG is just another check at onboarding and throughout the supplier lifecycle to assess risk and opportunities for improvement. Centralizing supplier management into one channel is why apexanalytix Portal exists.” Download the report to hear more insights and data on how leading organizations are integrating sustainability practices into their procurement processes.

Why Corporate Sustainability is the Future of Procurement Is your business keeping up with the shift toward #Sustainability? With investors and consumers demanding stronger #ESG performance, it's time to make sustainability a priority in procurement! ✅ Discover why integrating ESG into your business strategy can boost efficiency, improve margins, and enhance supply chain resilience. ✅ Learn how regulatory pressures like the EU Corporate Sustainability Directive are changing the game—and what your business needs to do to stay compliant. ✅ Explore how the right tech tools can help you track progress and demonstrate real results. Want to know more? Read the full article to dive deeper into why corporate sustainability is crucial for future business success! https://ow.ly/mm0150TQVZN #Procurement

With global ESG regulations tightening and carbon pricing mechanisms impacting profitability, companies must transition to more sustainable supply chains while maintaining competitiveness. Managing Scope 3 emissions, which often constitute the majority of a company’s carbon footprint, is essential. --- If you haven't checked out our newsletter, 18k+ supply chain decision makers have subscribed. You can subscribe here >> https://lnkd.in/gev2bpbm

Need to adapt to the complex CSR requirements facing procurement teams? Take 35 minutes to watch our ESG product expert, Leanne Strickler, explain how to leverage the latest supplier information management technology. What you'll learn: * Get up-to-speed on new sustainability reporting legislation * Tips on navigating DEI challenges * How to centralize and streamline CSR reporting There are multiple sessions to choose from, so you can attend at the time that works best for you! Pick your session: https://lnkd.in/gZagMyTm

Did you know that in 2022, 36% of CDP filers said they would incorporate ESG KPIs into procurement processes within two years? This means over 6,700 companies have said they will start sending ESG-related procurement questions this year. If you're of the suppliers reporting back to these thousands of companies, you're not alone. Come to our May 23 webinar to discuss: -The rising trend of inquiries on sustainability practices from larger companies. -The types of documents and data these companies are seeking. -Strategies for effectively approaching and responding to these requests. -Insightful case studies highlighting successful approaches. -Q&A session to address your specific queries and concerns. You can be ready when a supplier asks you about sustainability. https://lu.ma/2csl7s61

Managing environmental, social, and governance #ESG and #sustainability risks within your #SupplyChain is crucial for improving #sustainability and resilience. Our latest report with Supplier.io offers a comprehensive look into these risks and provides actionable strategies for #procurement teams to tackle them effectively. Thank you to our experts Alexandra Di Fabrizio and Marion Bitoune and the Supplier team for their quality work! Read the blog about our findings here: https://hubs.la/Q02KYdmk0

As an AA1000 Licensed Provider, SR Asia provides third-party assurance to the AA1000 Series of Standards. Assurance to AA1000 helps to validate your company’s process of identifying, prioritizing, and responding to sustainability challenges in addition to the transparency and credibility of your organization’s sustainability report. AccountAbility’s AA1000 Series of Standards is the leading methodology used by sustainability professionals globally for sustainability assurance. It is designed to help organizations integrate sustainability into their core business strategy with a focus on accountability, stakeholder engagement, and sustainability reporting. AA1000 Assurance demonstrates that an organization has built sustainability into its management system and that the management, use and reporting of sustainability data is sound. The AA1000 is adaptable to various industries and sectors, allowing a flexible structure that can be adjusted based on the individual circumstances and objectives of each organization.

Environmental, social, and governance (ESG) is no longer just a buzzword. It has become a crucial aspect of business and procurement practices. As highlighted in a recent global survey by Oliver Wyman, 80% of chief procurement officers (CPOs) are focused on realizing sustainability objectives. Prioritizing ESG not only helps mitigate risk and enhance reputation but also unlocks innovation, growth, and efficiency opportunities. At Oliver Wyman, we believe that procurement has the power to drive ESG throughout the company. To ensure a clear ESG focus in category management, we have identified six levers that can make a significant impact. Read them here. #ESG #Procurement #Operations