May 09, 2024 | Facilities Management
By Daryl Watkins
Facilities management has been on a wild ride in the last few years.
Facing pressures to optimize cost savings amid labor shortages and sustainability pressures, facilities managers need to stay on top of the key trends that are shaping and reshaping how society operates.
One trend that is poised to make a big impact? The Internet of Things (IoT).
May 02, 2024 | Procurement Strategy
A series of unforeseen events in recent years has led to a global energy crisis. Among these events, the Russia-Ukraine war left many countries struggling to get adequate supply of oil and natural gas.
What’s the way out for these countries?
They must lower the dependence on a single region for supplies and intensify their efforts to move away from fossil fuels and diversify the energy mix.
Hydrogen, which is widely available, has become a popular choice as an alternative to traditional fuel.
May 02, 2024 | Supply Chain Strategy
In recent years, stakeholders from investors to consumers have become more vocal in demanding transparency and accountability from companies on their environmental, social and governance (ESG) performance.
This translates to a growing need for ESG disclosure, which involves publicly reporting on a company's ESG efforts and impacts.
Additionally, companies must navigate a complex landscape of regulatory compliance related to ESG reporting.
April 22, 2024 | Procurement Strategy
Over the last two years, rising energy prices have been a cause of concern worldwide, especially in Europe, with the post-pandemic economic recovery, supply chain constraints, the Russia-Ukraine war and rising tensions in the Middle East affecting both supply and demand of energy.
April 15, 2024 | Supply Chain Strategy
The global climate crisis continues to intensify. Consequences of unchecked emissions — such as rising temperatures, rising sea levels and ecological degradation — pose severe risks to ecosystems and economies. And with that, reducing greenhouse gas (GHG) emissions has become imperative for businesses globally.
April 03, 2024 | Procurement Strategy
Explore the transformative power of responsible sourcing in shaping a sustainable future. Discover how ethical labor practices, environmental sustainability, and community engagement drive positive social and environmental impacts. Learn more in this GEP blog.
April 02, 2024 | Supply Chain Strategy
In today's climate-conscious world, businesses are coming under increasing scrutiny, from government regulators, investors and consumers, for their environmental impact.
This scrutiny extends beyond a company's own operations to encompass its entire supply chain as stakeholders begin to weigh the impact of climate-related risks from a company’s entire value chain on its business. With the increased attention on supply chain emissions, the goal of supply chain decarbonization is coming to the forefront.
April 01, 2024 | Risk Management
By Vengat Narayanasamy
The United States Environmental Protection Agency (EPA) has brought in shift in rules that aim to alter the trajectory of electric vehicle (EV) adoption in the country.
Initially, the EPA had wanted two-thirds of all vehicles sold to be electric by the end of the decade.
March 28, 2024 | Risk Management
The landscape of procurement and supply chains is undergoing a significant shift. Environmental, social, and governance (ESG) factors are no longer just a box to tick – they're essential for building a resilient and future-proof business model.
For procurement and supply chain professionals, integrating ESG best practices offers a strategic advantage, leading to improved profitability, cost control, and, ultimately higher returns on investment.
March 28, 2024 | Supply Chain Strategy
If you are a business leader, you must be aware of your business’ environmental and social responsibilities. You may also have in place a structured ESG program with some pre-defined targets.
But can you say the same thing about your suppliers?
Do you monitor the ESG performance of your suppliers? How do you evaluate this aspect of supplier operations? Do your suppliers (and suppliers’ suppliers) share data related to emissions and other key parameters? If they do share this data, how can you determine it is accurate?