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.

Sustainable Procurement White Paper 2023

Table of Contents & Preview of the Introduction:

Survey Design: 39% of the participants work in companies with a turnover volume of over € 2 billion.

28 pages with everything there is to know about sustainable procurement:

  • Facts, figures & opinions: Companies who “do good”, also “do well”
  • Relevance & status of sustainability ambitions based on latest INVERTO survey:
  • The importance of the “Source” and how to profit from it for sustainability progress
  • Conclusion & recommendations for action

Please fill out the form to receive the INVERTO Sustainability Procurement White Paper 2023:


 

 

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 the future. Political authorities have 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’s Corporate Sustainability Due Diligence Directive is due to come into force in 2024 and Canada is looking to follow.

Procurement, with its interface function to the supply chain, plays a central role in making the company sustainable and reducing its carbon footprint. The sustainability focus becomes a real value driver by boosting the organization’s performance and improving the quality of its products. Furthermore, sustainable procurement can enhance a company’s innovation while at the same time reduce risks. For sustainable procurement transformation to succeed, you should rethink the topic: making more sustainable products at less cost and not focusing 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 using the approach set out below.

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.

Actively drive Sustainable Procurement

The call for global climate protection measures is growing louder – to save our planet, but also to secure competitiveness. With our cover story, we want to shed light on this and support companies by showing them possible approaches.

The Social and Governance aspect in Procurement

We utilize our up-to-date knowledge about the market to support our clients with governance structure, by ensuring compliance with local and international laws and legislations. Further, we help with implementing a social procurement strategy.

  1. Supplier Code of Conduct

    Defining and implementing responsible procurement as well as implementing a Supplier Code of Conduct – a set of standards that suppliers should comply to

  2. Supplier risk assessment

    Conducting end-to-end supplier risk assessment to evaluate the supplier portfolio

  3. Supply Chain Act

    Assessing risks to human rights and child labor by jointly implementing measurable actions

Anchor sustainability in procurement

We developed a structured two step model where we firstly assess the maturity level and establish the baseline in which future ESG targets and ambitions are derived based on the findings. The second step is to prioritize the targets into initiatives and transform to a future proof business model, enabling the entire organization to execute on the ESG targets. With the help of our Sustainable Procurement E-map Index, we analyze your procurement. Benchmarking shows where your company stands compared
to typical companies in your industry. The E-map assesses your procurement department in six dimensions from Governance & Strategy to Supply & Risk management. 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.

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.

Find out more on decarbonization

Meet our sustainabilty experts

Denis Di Vito

Managing Director

contact@inverto.com Contact

Kiren Pandya

Senior Project Manager

contact@inverto.com Contact

Sustainable procurement insights

Healthcare and Pharma

Companies must start reducing greenhouse gas emissions to prevent irreversible climate change damage. With the 5th highest CO2 emissions globally, the healthcare sector must lead the transition to net zero, with procurement support essential for success.

INVERTO Magazines

The call for global climate protection measures is growing louder. With our cover story, we want to shed light on this and support companies by showing them possible approaches

Studies and subject papers

Key findings of the study on "Sustainable Packaging" and recommendations for action

Download White Paper