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In a constantly evolving world, value-driven business is a key driver for long-term success. Enterprises are increasingly embracing a triple-bottom-line approach, which focuses on people, the planet, and profit within their business strategies. This holistic view acknowledges that sustainable practices are not only beneficial for the environment and community but also crucial to maintain a competitive edge and ensure long-term profitability.
Within IT sourcing, sustainability has emerged as a pivotal consideration. Traditionally, procurement practices primarily focused on cost, quality, and efficiency. However, growing awareness of environmental and social impacts has led to a paradigm shift, in which sustainable sourcing practices are now integral to organizational priorities and strategies. This shift is redefining how businesses approach procurement, emphasizing ethical, environmental, and economic factors.
This new era of conscientious procurement is characterized by a focus on how enterprises are prioritizing Environmental, Social, and Governance (ESG) initiatives. By embedding ESG principles into their sourcing strategies, businesses are not only mitigating risks but also driving positive change, fostering innovation, and enhancing their reputations.
The journey toward sustainable IT sourcing involves a comprehensive reassessment of procurement policies and practices. It includes evaluating suppliers based on their environmental practices, labor conditions, and governance structures and prioritizing those that align with the company's sustainability goals. Additionally, it involves leveraging technology to enhance transparency, track progress, and ensure compliance with ESG standards
Scope
All industries and geographies
Contents
In this report, we examine:
- The importance of sustainability in IT sourcing
- IT sourcing leaders’ role in driving sustainability
- A roadmap for sustainable IT procurement
