Creating Value with Sustainable Procurement
Heat waves, floods, hurricanes: the increasing weather extremes clearly show that the economy must become environmentally friendly and CO2 neutral. Furthermore, sustainability has an ethical component: Human rights should apply to everyone and along the entire supply chain.
The importance of sustainability
Sustainability is the order of the day. To protect our earth and climate we need to live and produce in a climate-neutral way in future. Political authorities already defined clear goals. Legal requirements contribute to climate neutrality, but in most cases go far beyond this. In many countries, companies are already obliged to take environmental and social standards into account and to monitor compliance with them along their own supply chain. The European Union is planning a Supply Chain Act, too.
Procurement, with its interface function to the supply chain, plays a central role in making its own production sustainable and reducing the company’s carbon footprint. . The sustainability focus becomes a real value driver by boosting the organization’s performance and improving the quality of the products. Furthermore, sustainable procurement can enhance its innovativeness while at the same time reduce risks. For this to succeed, you should rethink the topic: do not focus solely on the risks. Look for ways to make your products better and your processes more efficient. Our experts for sustainability and decarbonization will accompany you on this path.
Sustainable Procurement Survey 2022
How is your company and procurement function progressing in its ambition to become more sustainable – especially now that other topics have taken the spotlight due to crises? Which obstacles and opportunities have you encountered? Share your assessment with us!
The ESG dimensions
At INVERTO, we define sustainability – in accordance with the United Nations guidelines – on the basis of the three pillars of environment, economy and society.
All of the Earth’s environmental systems should be in balance, while natural resources are consumed only at the rate at which they are replenished. Environment is defined by the four dimensions of circular resources, carbon development, land use and water use.
Universal human rights apply to all people. Everyone should be able to meet basic needs, i.e. have access to sufficient resources to keep their family and community healthy and safe. Society is represented by the two dimensions of health and agency/participation.
Societies around the world should be able to sustain their own well-being and meet their needs through circular and intact economic systems. The economy includes the dimensions of consumer welfare and fair business practices.
Sustainability in procurement: This is how INVERTO supports
As leading experts in supply chain management and procurement, we at INVERTO offer to help your organization from a 360-degree sustainability perspective. Overall, our solutions can be summarized into anchoring of sustainability in procurement and execution of ESG measures, which includes decarbonizing the supply chain, sustainable sourcing and ensuring responsible operations.
Anchor Sustainability in procurement
Assess maturity to establish baseline and define ESG target ambition
Re-shape operating model to reach ESG ambition and enable organization to execute ESG measures
Execute ESG measures
Decarbonization of supply chains
- Framework & governance setup
- Footprint transparency
- Enablement of CO² reduction process
- Implementation of measure
Sustainable sourcing of materials and products
- Sustainable Packaging
- Sustainable Textiles
- Sustainable Food
- Circular Economy
- Responsible procurement/ Supplier code of conduct
- Supplier risk management
- Supply Chain Act
Anchor sustainability in procurement
Sustainable sourcing of materials and products
We support clients across all industries to become more sustainable while procuring materials and products. We support the client throughout the entire journey of selecting right sustainable materials and producing products in a sustainable way.
The Social and Governance aspect in Procurement
Sustainable management includes decarbonization
We are supporting clients across all industries to reduce their carbon footprint. With our best in class approach, companies are able to identify, prioritize and implement measures in order to reduce their emission. Our decarbonization approach includes four structured steps:
- Establish a scope 3 carbon footprint baseline
- Deep dive in prioritized suppliers and categories
- Identify relevant decarbonization opportunities
- Prioritize the measures and develop the roadmap
Decarbonization of individual products – we help companies estimate CO2 footprint on specific products and optimize these with a focus on decarbonization. We tear-down products from the retail industry as well as the Industrial Goods industry to understand the material that has been used, the CO2 footprint per material and how this can be optimized. We look at both material substitution and production when optimizing the product.
The time is now to take immediate actions to reduce carbon footprint in the supply chain. We support you in finding your way to a carbon-free future.
Meet our sustainabilty experts
Sustainable procurement insights
