Sustainable Procurement Solutions
Enhance sustainability of supply chains and strengthen supplier relationships
Sustainability of supply chains today not only has reputational but also financial connotations, and with the latest GRI G4 guidelines increasing focus on reporting supply chain performance it is becoming essential for CPO’s to ensure a pro-active approach in this direction. Most organisations are contend with issuing “sustainable procurement guidelines” that list expectations from suppliers on common sustainability parameters, and act as a screener at the time of on-boarding a supplier. However, to achieve maximum benefits from sustainable procurement, organisations should conduct thorough and periodic assessments of its suppliers, and engage them on sustainability issues to improve their performance on an ongoing basis.
Sustainability Assessment Solutions
Pure Research has developed a comprehensive sustainability assessment framework, which we use to assess suppliers across industries and geographies. Through this assessment we not only check whether the supplier is compliant with regulations and standards related to environmental social and governance parameters, but using the best-in-class approach we also assess the effectiveness of the strategies, policies, and initiatives that the supplier is taking to achieve its sustainability objectives. Our customised sustainability assessment reports uncover critical areas where suppliers need to improve their sustainability performance.
Supplier Engagement Solutions
As organisations work with suppliers that operate in different industries and geographies, it becomes difficult for them to engage their suppliers on sustainability issues, even after they are aware of key areas where the supplier needs to improve. Pure Research, facilitates prompt and effective supplier engagement by identifying sustainability best practices which can be shared with suppliers to help them improve their sustainability performance, thus reducing the reputational risk faced by buying organizations.