To what extent is sustainability changing the way you operate?

As reported by ELP earlier this week, a study by Watchword Institute has claimed that climate change is changing the way the world does business. And with procurement at the forefront, sustainable procurement and supply chain practices are likely to come under increasing scrutiny in 2008 and beyond.

“Once regarded as irrelevant to economic activity, environmental problems are drastically rewriting the rules for business, investors, and consumers, affecting over £50bn in annual capital flows,” the report’s authors said at the launch of a study which is bound to receive considerable attention in the procurement world.

The report merely serves to confirm that environmental and ethical concerns are now permeating every aspect of the corporate agenda. With that in mind the next 12 months will doubtless see even greater emphasis placed on tackling the sustainability challenge.

Is your procurement operation ready for it?