Ever since the landmark Paris Agreement, which set ambitious targets for reducing carbon emissions, governments worldwide are actively working towards a more sustainable future.
As a result, cutting costs and reducing CO2 emissions in procurement practices is no longer just a choice but a necessity. However, different countries are at varying stages of progress, with some leading the way in implementing sustainability measures.
With different countries at varying stages of progress in implementing sustainability measures, businesses with supply chains must navigate through a complex landscape of diverse legislations and regulations to ensure genuine environmental progress. Greenwashing, the practice of misleadingly presenting a company's environmental efforts, adds another layer of complexity to the procurement landscape and necessitates the need for transparent and data-driven solutions as companies increasingly need to prove that they're doing what they can to reduce their carbon footprint.