Supply Management is a "Litmus Test" of "Sustainability" Initiatives
While a majority of North American firms in the survey (almost 60 percent) have a documented corporate-level sustainability strategy, just over one-third (36 percent) have adopted a formal sustainability strategy for the supply management organization—a crucial step in ultimately being able to deliver on their sustainability promises.
Those are among the findings of a study by global management consulting firm A.T. Kearney, in conjunction with the Institute for Supply Management. The study surveyed firms across a variety of industries to assess corporate sustainability practices and understand how sustainability is impacting businesses. Corporate sustainability is defined as the promotion of economic development (e.g., profits and job creation), environmental stewardship (e.g., energy conservation and pollution reduction), and social well-being (labor standards and community impact).
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