Building Gender-Equitable Workplaces: 8 Key Strategies To Adopt Today!
Is your organization doing everything possible to achieve gender equality in the workplace?Several types of research have confirmed that having more women leaders in the workforce increases the well-being of all employees. Studies have repeatedly shown that promoting diversity and...
ESG Investing: How To Get Started?
Environmental, Social, and Governance investing, or ESG investing, is an investment approach that considers financial and non-financial factors related to a company’s environmental, social, and governance criteria. ESG companies refer to businesses that prioritize Environmental, Social, and Governance factors in...
Why Should You Prioritize Supplier Diversity In Sourcing?
In simple terms, Supplier diversity, also known as vendor diversity or inclusive procurement, is a business strategy that assures a diverse supplier base in acquiring goods and services for any organization or company. It refers to establishing diverse supply chains...
ESG Trends: Track And Measure Your Sustainable Practices
Today’s ESG environment is fundamentally different from what we’ve seen in the past due to three significant changes in recent years. First, ESG investing requirements are actively determined and enforced by shareholders. Investors know the important issues and are interested...
Best Practices For A Strategic Sustainable Procurement
Sustainable procurement, also known as green procurement, involves organizations acquiring goods, services, works, and utilities in a manner that delivers value for money over the entire life cycle while adhering to equitable principles for sustainable procurement development.Strategic sustainable procurement involves...
5 Ways In Which ESG Creates Value For A Company
ESG has evolved from a mere compliance checkbox to a transformative force that drives innovation and creates value for companies. By prioritizing environmental sustainability, social responsibility, and effective governance, businesses can attract and retain top talent, build trust with stakeholders,...
Encouraging Employee Participation In Supplier Diversity Initiatives
What is that one overlooked aspect of supplier diversity programs? It is engaging employees in sourcing new suppliers.Many employees have links with local company owners in their localities, and leveraging these connections can enormously enhance the potential supply base. It...
The Future Of Supplier Diversity: How Optimization Tools Are Revolutionizing Procurement
The tech dynamics are changing every day. It is impacting every aspect of the business. Regarding logistics, it has undoubtedly undergone major technological advancements such as artificial intelligence and big data over the decade.In today’s world, diversity is becoming increasingly...
Optimizing Supplier Diversity through Data-Driven Insights and Decisions
Supplier diversity is a business strategy involving and engaging with proactively seeking diverse vendors regarding ownership, management, and workforce. It can include women-owned, minority-owned, veteran-owned, and LGBTQ-owned businesses. Optimizing supplier diversity aims to create a more inclusive and equitable supply...
The Connection Between ESG and Long-Term Value Creation
In business, the foundation of success lies in value creation. Value creation is the ability to increase the worth of something to meet a specific demand. This value distinguishes you from your competitors, retains loyal customers, and gives purpose to...