Nexity Network promotes and supports greater awareness of sustainable acquisitions by helping companies and consumers select and acquire green products & services, optimize performance standards, and minimize environmental impacts.

The supply chain is the biggest contributor to the climate change problem:

  • Supply chains generate 60% of global emissions;
  • Supply chains are 5.5x more carbon intensive than the rest of the business;

Sustainable procurement refers to how businesses can identify and reduce the environmental impacts of their supply chains.

To name a few, Nexity Ecosystem helps companies in:

  • Identifying suppliers who are low-impact, fair trade, or environmentally friendly;
  • Using production materials that have been sourced responsibly;
  • Reducing waste by reusing raw materials;
  • Maintaining a healthy work environment where employees feel respected and valued;

Procurement is vital to businesses of all sizes and in every sector. It allows a company improves its financials and future-proof the organization against various challenges that may disrupt supply chains.

Consumers are becoming more interested in the root of the things they buy and their effect on the earth. While the current tendency in procurement is to look for green and renewable resources such as bamboo or hemp, innovation will be imperative to help businesses meet sustainability goals.

Today, the pioneers are incorporating strategies like re-purposing products, reducing single-use plastics, and decreasing transport.

All organizations must consider how they can work with partners towards environmental protection through procurement, not just extracting companies supplying raw materials and natural resources.

Benefits of Responsible Procurement

Reduce Risk and Maintain Reputation: Suppliers with bad practices such as using child labor or knowingly causing excessive pollution can create a financial blowback on the organization and hurt its brand value.

Decreased Costs: Sustainable suppliers can reduce an organization’s costs by reducing waste and energy costs;

Revenue Growth: Consumers who buy into sustainability actively seek ethical and sustainable products and organizations. These customers often pay a little bit more to know the product or service is sustainable and ethically sourced.

Future-Proofing: Developing a sustainable procurement plan is one way to future-proof the organization against a potential shortage in supply. Planning will help companies protect against changes in social and economic factors.