In the pivotal race to meet sustainability targets, organizations are facing a significant challenge: reducing their Scope 3 carbon emissions. With this in mind, Chief procurement officers (CPOs) should be looking for ways they can incentivize suppliers to prioritize sustainability.
Gartner, Incentivize Suppliers to Advance Sustainable Procurement Goals, Published October 18th, 2023, Lindsay Azim, Laura Rainier, Miguel Cossio
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
“When used correctly, incentives create a win-win for both the buyer and supplier organization. Incentives motivate suppliers by making sustainable business practices a requirement and by growing their business through financial, partnership and recognition incentives.”
Join us for the industry-leading Specification Management conference. Learn more about the most recent Summit in January 2024 in Austin, TX, and stay tuned for more information about Specification Management Summit 2025! Save the date: February 5-7, 2025.