ESG compliant sourcing and procurement starts with ESG Audit. The very first step toward effective and sustainable procurement begins with selecting the right suppliers. In a sourcing event, as a buyer organization, it is imperative (or rather highly advisable) for you to ensure that your suppliers—as well as their suppliers—have the proper processes in place to prove that their business practices are environmentally friendly, maximize positive social impact, and navigate practical governance practices. Along with all other vendor risk and compliance assessments, you can reduce the complexity of your supply chain by centrally managing ESG assessments.
Download this ESG Audit Questionnaire (ESG Compliance Worksheet) to use it as a guideline for environmentally friendly, socially acceptable, and ethically righteous supply chain activities, especially in the procurement, sourcing, and supplier relationship management-related actions.