The disruptions facing procurement today, including the Covid-19 pandemic, semiconductor shortage, and geopolitical tensions, underscore the need for alignment with sustainability principles and regulations. In this volatile environment, resilience, risk mitigation, and sustainable practices are vital. Early adopters of sustainable procurement are already experiencing the benefits, proving its effectiveness in navigating today's complex business landscape.

Get insights into sustainable procurement – Industry trends and best practise

As a leading advocate for both procurement advisory services and sustainability services, KPMG is proud to announce the launch of our Sustainable Procurement Survey.

The purpose of the survey is to share valuable insights into industry trends and best practices, providing procurement professionals with the opportunity to benchmark their own practices against their peers. By participating, respondents will gain access to expert analyses and recommendations for improvement, while also contributing to the advancement of sustainable business practices on a broader scale. Your input will help shape the future of procurement and drive positive change within the industry.

The results from the survey will be presented in a seminar in autumn 2024 and the detailed results will be exclusively shared to the participants.

What is sustainable procurement?

Sustainable procurement involves integrating Corporate Social Responsibility (CSR) principles into procurement processes and decisions while maintaining alignment with stakeholder requirements.

Commitment to sustainable procurement entails embedding core sustainability values throughout product lifecycles and the value chain, ensuring long-term viability. Additionally, in response to new regulations like the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) that impact procurement functions, policies and strategies for sustainable procurement are being tailored to address evolving compliance requirements.

These initiatives aim to future-proof procurement and operations by considering factors such as supply scarcity, adapting to emerging customer demands, cost pressures, and seizing opportunities to enhance efficiency through reductions in use of virgin materials, energy consumption and waste.