PROCUREMENT INSIGHTS
62 labour , and other human rights violations .
“ What truly makes procurement awesome , and the power we hold so important , is the collective purpose of our profession – to build a community and figure out ways that we can work together to create more ethical supply chains , eradicate slave labor , and level the playing field for everyone ,” reasons SAP Hybris president Alex Atzberger .
With its suite of supply chain and procurement solutions , SAP Ariba offers firms the opportunity to identify and choose suppliers which can simultaneously boost profits and make a positive difference . In quantifying the value of sustainability , the whitepaper notes a positive correlation between it and stock market performance . In reviewing 200 academic studies on sustainability and corporate performance , researchers at the Harvard Business Review found that of those 200 studies , 90 % conclude that ESG standards lower the cost of capital , 88 % show that good ESG practices result in improved operational performance and 80 % show stock price performance positively correlated with good sustainability practices . This results in brands with ‘ purpose ’ in
DECEMBER 2018