Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Procurement research shows suppliers are next frontier for innovation

Procurement research shows suppliers are next frontier for innovation | Sustainable Procurement News | Scoop.it
Times have changed and our research shows that today’s procurement professionals actually consider themselves to be innovators. They also see (and like the fact) that the businesses they work within are innovative and that their role is increasingly pivotal to this. Most procurement people are, at the very least, involved in a broad range of business innovations — and some are actually leading it.
EcoVadis's insight:

Interesting research on the opinions of 100 UK procurement professionals on innovative practices in their supply chain

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Only half of British businesses vet suppliers for UK Bribery Act compliance

Only half of British businesses vet suppliers for UK Bribery Act compliance | Sustainable Procurement News | Scoop.it

The Fraud Investigation & Dispute Services team at Ernst & Young has today (Tuesday) released research revealing that nearly half (48%) of British firms are failing to vet their suppliers for compliance with the UK Bribery Act, ...

EcoVadis's insight:

According to this recent E&Y study, less than half of firms sampled carry out third- party due diligence in their supply chain. Is it because of a lack of  available ready-to-use solutions, lack of pressure from legal/compliance departments about potential sanctions and liabilities?  The absence of a proactive approach from U.K. companies can also be explained by the lack of prosecution cases so far.

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