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
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“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.”
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