How to achieve responsible procurement
Corporate Social Responsibility (CSR) and responsible procurement in particular are on boardroom agendas, but they remain a challenging task for organizations to execute successfully. Responsible procurement covers a broad range of issues, including the environment, health and safety, and labor practices. The benefits are often difficult to measure and the investments large and unclear. But companies without real, operative actions behind their CSR statements are vulnerable and open to attack from NGOs, which can tarnish reputations through bad publicity.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]