Solutions to Help Procurement Take the Lead
There is an increasing focus on how Procurement can help advance the strategic goals of the business, especially for environmental, social and governance (ESG) goal commitments and other critical measures of non-financial performance.
As new regulations are introduced, businesses need a clear, holistic view into non-financial performance to identify which procurement levers will help them reduce emissions, diversify their supplier networks and comply with governance changes.
The Hackett Group’s 2023 Procurement Agenda and Key Issues Study names ESG (Environmental, Social and Governance) and non-financial performance initiatives among the top 10 priorities. As a number of new and proposed regulations in the EU, UK, and U.S. take effect – and combine with investor and consumer pressures – there is a significant opportunity for Procurement to take the lead on getting started and ensuring good progress.