Sustainable procurement vital for competitiveness, ESGpedia says

PHILIPPINE COMPANIES should make sustainable procurement a core part of environmental, social, and governance (ESG) practices to strengthen their supply chains and stay competitive, sustainability consulting firm ESGpedia said.

- Alexandria Grace C. Magno

"Another equally important pillar to consider is sustainable procurement, where companies evaluate and engage suppliers not just on price and efficiency, but on environmental performance, ethics, and social impact," ESGpedia Vice-President Jozsef Acabo said in an emailed reply to questions.

He said this approach embeds sustainability across the entire value chain - from raw materials to distribution - not just within the organization.