Invest in new tools & data source - INTERMEDIATE

Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

The transition towards decarbonisation is poised to significantly increase the volume of data that purchasers must manage. This transformation will require a reassessment of Suppliers' strategies.

A top-tier procurement platform should seamlessly embed components pertinent to suppliers' decarbonisation endeavors across all stages of the procurement process. This requires the incorporation of a comprehensive decision-making tool, thus eliminating the need to rely on disparate data sources. To achieve this, the platform should establish links with specific decarbonisation repositories, encompassing emissions factor databases and platforms referencing entities like CDP and SBTi.

Moreover, integration with premium digital solutions, such as EcotransIT World for calculating transportation emissions, is essential to ensure a robust and efficient approach.

According to Natacha Trehan, at the Supplier level, the ideal platform should include

  • Selecting suppliers who have certificates and proof of their climate commitments. Ask their EcoVadis rating score. It's the leading sustainability rating platform which many multinationals use to evaluate their supplier ESG performance: https://ecovadis.com/about-us/
  • Sourcing new supplier with a low carbon footprint
  • Integrating sustainable criteria in call for tenders
  • Obtaining a full view about the Supplier's risks (financial, socail, operational, geopolitical ...)
  • Beyong the first-tier supplier, having a suppliers map that include their level of risks in terms of climate
  • Implementing and monitoring progress plans to reduce CO2 emissions by Supplier
  • Providing a dashboard by supplier and a global dashboard of the emissions of the Suppliers panel.

Not all elements are currently integrated into all procurement platforms, but good progress is being made.

ADDITIONAL RESOURCES

Some procurement platforms offering functionnalities to manage sustainability with Suppliers:
- IVALUA
- SAP