Sustainable Procurement Barometer 2021

June 02, 2022

Source: “Sustainable Procurement Barometer 2021” by EcoVadis and the Value Chain Innovation Initiative

Over the past decade, businesses have been feeling the pressure to move toward more sustainable practices. With the effects of the COVID-19 pandemic, many were forced to re-examine their supply chains. The Sustainable Procurement Barometer 2021, developed by EcoVadis and the Value Chain Innovation Initiative at Stanford Graduate School of Business, provides a few key insights into why sustainable procurement is fundamental for success:

Labor and human rights issues shape procurement strategy
Procurement is now paying attention to diversity, racism, nondiscrimination, and equity
Sustainable procurement proves key to supply chain resilience
Sustainability performance is critical for revenue and growth
Mid-sized companies are embracing sustainability

As we look into the future, we will begin to see more companies invest in the continual monitoring of sustainability in their supply chains. The relationship between resilience, revenue growth, and sustainable procurement is being recognized. To download the Sustainable Procurement Barometer and learn more, visit EcoVadis.

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