Procura is pleased to offer clients a range of services that help them deliver their sustainability objectives.

There is increasing pressure from consumers, staff, and investors for organisations to minimise their negative social, environmental and economic impacts.

With a significant proportion of most organisations revenue re-spent through its supply chain, an organisation’s supply base is perhaps the largest risk but also the biggest lever of opportunity for becoming a more sustainable business, and the procurement function is a key enabler for organisations who want to raise their environmental and ethical profile.

With a focus on the three P’s; People, Planet and Profit, there is a strong business case for sustainable procurement with benefits including:

  • Increased brand value by sharing sustainable achievements with customers and shareholders
  • Mitigating reputational risk by improving the visibility of and engagement with the supply chain
  • Attracting and retaining high performing staff from an increasingly sustainability conscious talent pool
  • Greater access to environmental and social investment opportunities
  • Cost savings through improvements in resource efficiency, demand management and waste reduction
  • Competitive advantage in sustainable product and service offerings by utilising the expertise in the supply chain

 

Procura Managing Partner, Richard McIntosh said:

For more and more clients, sustainability is now high on the executive agenda and the focus has shifted to how the supply base is supporting the organisation’s objectives. Interestingly, investment funds with environmental, social and governance criteria have outperformed the broader market during the pandemic, driving increasing investor focus on top of corporate strategic objectives. In the coming years, procurement excellence will not just be the driver for profitability but also for environmental and sustainability management.

 

Procura’s Sustainable Procurement practice is led by Luke Abbott, who said:

Our Sustainable Procurement Impact Assessment identifies precisely the greatest opportunity areas for improvement by focusing on both externally on spend and suppliers, and internally on capability. We then work with clients to deliver their sustainability objectives through Sustainable Sourcing or leveraging our GreenSource supplier frameworks, or by helping them build their own capability using the ISO 20400 Framework to empower and upskill the Procurement function and ensure the correct governance, policy and skills are in place.

 

For more information, and to arrange for an initial discussion please click here

 

If you would like to discuss any of the challenges outlined in this article or if you would like some expert support , please get in touch on+44 (0)203 693 7275 or Email us: info@procuraconsulting.com