The final word
We conclude our flagship report this year being cautiously optimistic.
To continue reading the rest of BRIDGING THE GAP: Procurement's vital role in making ESG strategy a reality, please complete the following:
Businesses have largely embraced the ESG agenda but there are still many hurdles to overcome. Our research and analysis suggest many organizations are still not aware of, nor prepared for, the scale of change needed and the price they will pay from lagging in this field. We need to be bolder, we need to move faster, and we need to leverage all forms of collaboration, insight, and expertise.
Seldom are organizations faced with existential threats to both their longer-term survival and that of our planet. Failure to meet sustainability targets, especially with regard to climate change and environmental impact, are both these things.
And yet, it is an unprecedented opportunity to repurpose Procurement to wider, more strategic, and fundamental goals. The best procurement teams will be sustainable procurement teams, where cost, risk, and opportunity all play their part in long-term, sustainable success.
Now is the time to act ... and deliver.
- ESG is a strategic priority, firmly on the C-suite strategic agenda
- ESG ambition does not yet meet reality – ESG activity is underinvested and lacks prioritization and conviction
- ESG has not been operationalized – businesses are not working as a cohesive unit with clear roles and responsibilities, performance measures, and action plans
- Procurement is a key enabler – it has a leading role to play but we must make the value case
We have specialized in procurement and supply chain management for more than 20 years, supporting our clients across the globe from 13 offices in Europe, North America, and the Middle East. This scale and singular focus sets us apart.
We help organizations reduce costs, improve internal processes, and upskill their procurement teams so that they can realize savings faster. And we believe that procurement – alongside board-level commitment – is the key determiner for organizations to successfully achieve their ESG objectives.
Our combination of expertise, data, technology, and human intelligence delivers value improvements at speed, allowing your organization to operate more efficiently and compete more effectively in an ever-changing landscape.