Sustainable Procurement Glossary

Explore the evolution of procurement from a cost-focused function to a vital component of business resilience and growth, including current trends such as sustainable procurement, globalization risks, and the increasing use of technology.

Here’s how to detail a company’s environmental, social, and governance (ESG) performance that communicates sustainability efforts, impacts, and progress to stakeholders, while enhancing transparency and accountability.

The software provides the transparency and traceability needed to meet increasingly stringent global regulations, improve due diligence and drive business resilience.

Explore the best practices for supply chain risk management. See why integrating ESG due diligence is key to reducing supplier risk and strengthening business continuity.

Forced labor in global supply chains is a human rights crisis. Learn about its impact, regulations like the UFLPA and EU forced labor ban, and how to identify and address risks using solutions for ethical sourcing and supply chain transparency.

Corporate Social Responsibility (CSR) activities are self-regulated actions that a business can take in order to be more socially accountable to its stakeholders and the public in general.

Today, ESG ratings are used to evaluate a company based on its environmental, social, and governance practices, to provide transparency for investors, customers, and the industry as a whole

Social responsibility in business means that businesses not only work to maximize shareholder value but that they also act in a manner that is beneficial to society.

The Sustainable Development Goals (SDG) were established in 2015 by the United Nations General Assembly and are a compilation of 17 agreements made by 193 countries to work toward achieving in order to “transform the world by 2030.”

The Carbon Footprint is the amount of greenhouse gas emissions created by the activities of an entity, such as a business, organization, or individual.

Sustainability reporting enables organizations to consider their impacts on a wide range of sustainability issues. This enables them to be more transparent about the risks and opportunities they face.

A Supplier evaluation refers to the process of evaluating and approving potential suppliers by quantitative and qualitative assessment.

A supplier code of conduct is created for the purpose of ensuring that a company’s suppliers are working in responsible and environmentally-friendly conditions

A CSR assessment is an evaluation of how well a company has integrated the principles of CSR into their business. An assessment program is a first step into an ongoing monitoring process

Corporate social responsibility is an organization’s responsibility for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior

Sustainable Sourcing, also called “Responsible sourcing”, is the integration of social, ethical and environmental performance factors into the process of selecting suppliers

This guide gives you answers to frequently and commonly asked questions on sustainable procurement

Sustainable procurement is the adoption and integration of Corporate Social Responsibility (CSR) principles – including Environmental and Ethical criteria into your procurement processes