The White Paper "ESG and Procurement: It's Time to Take Charge" highlights the importance of corporate sustainability in today's business landscape. ESG practices combine elements of people, planet, and profitability and are governed by internal systems of practices, controls, and procedures. Despite traditional difficulties in financially justifying ESG activities, the increasing demand for sustainable products from consumers is forcing organizations to prioritize ESG goals and provide visibility into their procurement and supply chain activities. The paper also discusses the potential backlash that enterprises can face for sourcing electronics from suppliers that expose workers to hazardous conditions and for working with suppliers that pollute rivers in China. The paper concludes by stating that tackling the challenge of integrating ESG into procurement requires procurement to take a seat at the corporate ESG table.
