With procurement leaders today currently facing increasing pressure to manage climate risks while complying with new sustainability requirements and standards, adopting circular principles could be the answer. Circular procurement not only focuses on reducing waste and reusing materials, but it a...
India is considered one of the countries most affected by the impacts of climate change. According to a report, while the country dropped in rank—from seventh in 2019 to 49th in 2022—India still ranked sixth among countries in the climate risk index (CRI) over the past 30 years. Therefore,...
With many companies and organizations being pressured to meet the growing sustainability demands of policies and consumers, businesses and their procurement teams are evolving in how they source services and goods. Supplier diversity, promoting social responsibility, is one strategy gaining momen...
According to the World Resources Institute, the energy sector was responsible for 75.7% of the global greenhouse gas emissions in 2021. Within the energy sector, 29.7% of emissions come from electricity and heat production. This figure also includes emissions from burning alternative fuels, as we...