Six years ago, Sustainable Development was an emerging
discipline. Today, it is a key concern for procurement executives
at many of Europe’s leading and largest companies. According to the
fourth-annual HEC Paris – EcoVadis - Sustainable Procurement
Benchmark Report, Sustainable Procurement is a top priority of
procurement directors across the Continent. And despite the global
financial crisis, they continue to invest in the tools and
processes to drive programs that fuel environmental innovation and
compliance with Corporate Social Responsibility (CSR)
initiatives.
"Sustainable procurement is an integral part of the new model
that companies must adopt to survive and thrive in today’s global
economy,” said Professor Olivier Bruel, Associate Professor,
Coordinator of the Operations Management & Information
Technology Department at HEC Paris, and principal author of the
“Sustainable Procurement Benchmark Report”. “Our research clearly
shows that the economic dimension of sustainability – total cost of
ownership reduction as well as supporting suppliers in dire
financial situations – is a critical focus for companies as they
attempt to weather the financial storm while continuing to run
their businesses in a socially and environmentally friendly
manner.”
Conducted with support from Ariba, Inc., (Nasdaq: ARBA), the
leading spend management solutions provider, and EcoVadis, a
collaborative platform for assessing the environmental and social
performance of suppliers on a global basis, the study surveyed
procurement executives at 95 of Europe’s largest companies
regarding their CSR and sustainability practices and found
that:
- Sustainable Procurement is
considered an “important” or “critical” objective by 90 percent of
procurement directors at comparable levels to 2007.
- Brand protection and cost
management are still the driving factors behind Sustainable
Procurement initiatives, but compliance with environmental
regulations has taken on increased importance.
- The vast majority of respondents
have moved toward operational implementation of sustainability
programs, with over 80 percent citing that they had initiated a
program in 2008.
- 35 percent of companies surveyed
intend to increase their investments in Sustainable Procurement
despite budget cuts prompted by the recession.
- 37 percent of companies have put
in place a Sustainable Procurement department and half have raised
buyer awareness through training on Sustainable Procurement
concerns and practices.
- Usage of tools specific to
Sustainable Procurement has significantly evolved, with a special
focus on solutions for supplier evaluation and risk analysis across
procurement categories.
- 75 percent of companies
interviewed are now integrating CSR into their sourcing process,
with 30 percent allocating significant weight to these criteria in
the grading and selection system.
- 75 percent of companies use
Sustainable Procurement criteria to measure the performance of
their suppliers on an ongoing basis.
"Environmental and social criteria have become key elements of
the sourcing and procurement processes at leading organizations,”
said Charles Royon, Vice President, Continental Europe, Ariba. “At
Ariba, we are focused on providing companies with tools and
best-practice processes they can leverage to integrate these
criteria into their spend management programs and enhance and
accelerate the results that their sustainability initiatives
deliver.”
Ariba provides a comprehensive range of solutions that enable
companies to effectively manage their spend from end-to-end
including a proven assessment methodology to identify areas of
opportunity in both cost control and sustainability. To learn more
about the offering and the benefits it can deliver, visit
http://www.ariba.com/services/expertise/.
“After four to five years of intense activity towards
Sustainable Procurement, companies now have the tools and processes
needed to actively contribute to CSR programs and deliver
measurable results,” said Olivier Menuet, Sustainable Procurement
Director, SNCF (French National Railways Company). “Now is the time
to move forward and to start realizing the benefits that such
solutions can provide.”
For insights into best practices and processes that can be
implemented to advance Sustainable Procurement initiatives and
accelerate the results that they deliver, visit
http://www.ariba.com/services/expertise/ or www.ecovadis.com and
download a full copy of the 2009 HEC Paris – EcoVadis - Sustainable
Procurement Benchmark Report.
“Some are wondering whether sustainable procurement initiatives
will be the victims of or a remedy to the current economic crisis,”
said Pierre-Francois Thaler, Managing Director of EcoVadis.
“Through interviews conducted with Chief Procurement Officers at
Europe’s top companies, we have found an acceleration in the
integration of sustainability criteria in operational procurement
processes and believe that many organizations will leverage these
criteria to enhance their performance during the down times and
position themselves to better compete when things improve.”
About HEC Paris
Leading European business school according to the FT ranking,
specialized in management teaching and research, HEC Paris offers a
complete and unique range of academic programs for today’s and
tomorrow's decision makers: HEC Ms in management, Specialized
Master's Degrees, full-time and part-time MBAs, Executive MBAs,
TRIUM Global Executive MBA, In-house and Open Executive programs
and the Doctorate. Created in 1881, today HEC Paris has 105 tenured
professors, 41 affiliate professors, 50 visiting professors, 3,000
students of whom 30% are foreigners, and more than 8,700 managers
and executives in training worldwide every year.
About EcoVadis
EcoVadis operates the 1st collaborative platform, allowing
companies to assess the environmental and social performance of
their suppliers on a global basis. EcoVadis combines technology and
Corporate Social Responsibility (CSR) expertise to deliver simple
and reliable suppliers scorecards, covering 150 purchasing
categories and 21 CSR criteria. EcoVadis supplier CSR ratings
support businesses reduce risks, drive performance and uphold
innovation in their supply chain. www.ecovadis.com
About Ariba, Inc.
Ariba, Inc. is the leading provider of on-demand spend
management solutions. Our mission is to transform the way companies
of all sizes, across all industries, and geographies operate by
delivering technology, service, and network solutions that enable
them to holistically source, contract, procure, pay, manage, and
analyze their spend and supplier relationships. Delivered on
demand, our enterprise-class offerings empower companies to achieve
greater control of their spend and drive continuous improvements in
financial and supply chain performance. More than 1,000 companies,
including more than half of the companies on the Fortune 100, use
Ariba solutions to manage their spend from sourcing and orders
through invoicing and payment. For more information, visit
www.ariba.com
Copyright © 1996 – 2009 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com,
Ariba.com Network and Ariba Spend Management. Find it. Get it. Keep
it. are registered trademarks of Ariba, Inc. Ariba Spend
Management, Ariba. This is Spend Management, Ariba Solutions
Delivery, Ariba Analysis, Ariba Buyer, Ariba Category Management,
Ariba Category Procurement, Ariba Contract Compliance, Ariba
Contracts, Ariba Contract Management, Ariba Contract Workbench,
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Ariba Sourcing, Ariba Spend Visibility, Ariba Travel and Expense,
Ariba Procure-to-Pay, Ariba Workforce, Ariba Supplier Network,
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PO-Flip, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba
Supply Lines, Ariba Supply Manager, Ariba LIVE, It’s Time for Spend
Management and Supplier Lifecycle Management are trademarks or
service marks of Ariba, Inc. All other brand or product names may
be trademarks or registered trademarks of their respective
companies or organizations in the United States and/or other
countries.
Ariba Safe Harbor
Safe Harbor Statement under the Private Securities Litigation
Reform Act 1995: Information and announcements in this release
involve Ariba's expectations, beliefs, hopes, plans, intentions or
strategies regarding the future and are forward-looking statements
that involve risks and uncertainties. All forward-looking
statements included in this release are based upon information
available to Ariba as of the date of the release, and we assume no
obligation to update any such forward-looking statements. These
statements are not guarantees of future performance and actual
results could differ materially from our current expectations.
Factors that could cause or contribute to Ariba's operating and
financial results to differ materially from current expectations
include, but are not limited to: the impact of the credit crises on
Ariba’s results of operations and financial condition; delays in
development or shipment of new versions of Ariba's products and
services; lack of market acceptance of Ariba's existing or future
products or services; inability to continue to develop competitive
new products and services on a timely basis; introduction of new
products or services by major competitors; the ability to attract
and retain qualified employees; difficulties in assimilating
acquired companies, long and unpredictable sales cycles and the
deferrals of anticipated orders; declining economic conditions,
including the impact of a recession; inability to control costs;
changes in the company's pricing or compensation policies;
significant fluctuations in our stock price; the outcome of and
costs associated with pending or potential future regulatory or
legal proceedings; the impact of our acquisitions, including the
disruption or loss of customer, business partner, supplier or
employee relationships; and the level of costs and expenses
incurred by Ariba as a result of such transactions. Factors and
risks associated with its business, including a number of the
factors and risks described above, are discussed in Ariba's Form
10-Q filed with the SEC on August 7, 2009.
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