With two-thirds of the typical company’s environment, social and governance (ESG) footprint resting with its suppliers, procurement is in a good position to make a real difference across all three of these initiatives. Where environmental criteria refers to how a company performs as a steward of nature, social criteria examines how that organization manages relationships with employees, suppliers, customers and its communities
Governance focuses on a company’s leadership, executive pay, audits, internal controls and shareholder rights. These three pillars have become a focal point for investors, clients, consumers and other important stakeholders.
