Sustainable sourcing can curb climate change; boost bottom lines
Plastics are deeply engrained in all industries, from pharmaceuticals to telecommunications to manufacturing. In this point of view paper, our goal is to illustrate for operations executives and sourcing professionals why the move to sustainable sourcing is worthwhile for the climate and organizations’ bottom lines. We will also share some ideas to consider on where to begin.
Changing established materials and sourcing practices to responsible, sustainable sourcing is difficult. The first roadblock is cost. Many plastics are cost effective to make and store. Organizations don’t want to invest the capital to transition away from what’s worked for years. They also don’t have ways to prove a return on the investments. The second is often the inability to find sustainable materials and track their use.
Like any complex change, following a process provides a place to start, guides you along the right path, and offers ways to show progress and results. KPMG has ESG and Procurement services experience and methods to help you begin and continue momentum. ServiceNow has the ESG technology to enable your objectives. Together, our teams apply global, cross-industry experience as we work with you on your ESG strategy, execution, reporting, and auditability. The KPMG and ServiceNow combined approach defies silos to align your investments and enable transparency to help build trust. It blends ESG efforts with other priorities to enhance business performance. The result is a mature program with ESG infused through your organization for a more sustainable future.