Research released earlier this month shows that companies increasingly are incorporating sustainability criteria into their procurement activities.
The 2017 Sustainable Procurement Barometer, published jointly by Paris-based sustainability consultancy EcoVadis and the Hautes études commerciales de Paris (HEC Paris) business school, is the first Barometer report since 2013. It shows a sharp increase in sustainability awareness, echoing the findings of the Forest Trends Supply Change project, which shows steadily increasing corporate action to halt deforestation.
The new Barometer report is built on a survey of 120 procurement officers, primarily in the manufacturing and retail sectors. Ninety-seven percent of the respondents listed sustainability it as one of their top five priorities, up from 93 percent in 2013. Sustainability, however, has yet to make the top three overall, which are cost savings, compliance and risk reduction.
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