ESG Now Decisive in 78% of Corporate Procurement Decisions
ESG credentials have become decisive in 78% of corporate procurement decisions as supply chain sustainability requirements intensify.
ESG credentials are now decisive in 78% of corporate procurement decisions, up from 42% three years ago, per an EY survey of 400 procurement executives. 61% have terminated or are reviewing supplier relationships that fail new ESG standards. Requirements span carbon reporting, labour standards verification, and circular economy commitments. Trading companies that invested in robust ESG management and third-party certifications are differentiating themselves in procurement processes and accessing premium pricing. The trend intensifies as mandatory sustainability reporting comes into force in Europe and increasingly in US markets.
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