With the world’s eyes on the upcoming COP26 summit, sustainability is becoming an important factor for procurement.
The environmental and sustainability performance of any business is only as good as its supply chain. While two products might be physically, chemically and mechanically identical, there may be a drastic difference in their carbon footprint.
You might find hidden environmental costs due to variations in production technology, raw material supply, energy efficiency, and electricity generation. In addition, differences in recording and reporting of data may make it difficult to compare suppliers.