Impact Prioritization on a Budget: How Procurement Can Leverage Others’ Learnings and Approaches
Understanding the environmental, social and economic impacts of your organization’s procurement is critically important for strategically targeting your sustainable purchasing efforts. Yet, conducting rigorous impact analysis of an organization’s spending and suppliers can often be difficult, discouraging organizations from getting accurate prioritization insights. The good news is that organizations around the world have embraced transparency and shared the results of their own materiality assessments. This has resulted in an abundance of examples of different prioritization approaches and results that can guide other organizations’ impact prioritization. Join us as we review different environmental, social and economic impact prioritization approaches available today. We’ll share case studies of organizations that have seen value in third-party sustainability spend analysis services as well as those that have relied on free resources, low-cost tools, and in-house capacity.