In recent years, the integration of ESG factors into procurement strategies has proven to be a catalyst for enhanced reputation and financial performance across Australian organisations. In this comprehensive 1-day Masterclass, participants will delve into the intricate landscape of ESG procurement, master how to build a business case for incorporating ESG into procurement functions, and then effectively action that business case to drive exceptional results to the reputational, environmental, and bottom-line of your organisation.
Key Learning Objectives:
Building a business case for incorporating ESG into procurement functions
- Aligning your procurement, ESG and business goals into one comprehensive and seamless strategy
- Unveiling organisational benefits
Identifying the tangible advantages for organisations that adopt a proactive stance towards ESG integration in procurement processes to secure buy-in and support with stakeholders
- Embedding ESG principles into supplier contracts
Learning effective strategies for incorporating ESG criteria into supplier contracts and explore mechanisms for enforcement
- Establishing measurement frameworks
Developing methodologies for measuring and tracking carbon reduction efforts and supplier sustainability initiatives, including the establishment of relevant KPIs
- Benchmarking and peer comparison
Examining critical components and KPIs essential for benchmarking against industry peers and ensuring alignment with best practices
By the end of the Masterclass, you will possess a comprehensive understanding of:
- The interconnectedness of ESG principles with procurement strategies
- Tangible benefits organisations can derive from proactive ESG adoption in 2024
- Practical methods for integrating ESG criteria into supplier contracts
- Strategies for effectively measuring and tracking sustainability efforts
- Essential components for benchmarking against industry peers and fostering continuous improvement in procurement practices