How important is sustainability when it comes to procurement decisions?
Sustainability – in terms of people and planet – is integral to the decisions we make on who we work with and what we buy.
Let’s say we find that a partner isn’t complying with our policies – and the standards we expect – we will first work with them to try and find a solution. But if we can’t, we will end the relationship and find a better, as well as competitive, partner to work with.
Another element is about innovating to improve our value chain. For example, our commitment to be net zero by 2039 requires innovation between us and our partners. We need to find new ways of sourcing and alternative materials to achieve that objective.
What’s the latest on our Partner with Purpose strategy?
The way we partner allows us to continually respond to emerging consumer trends. It’s about encouraging responsible and transparent innovation to deliver on our ambitious sustainability commitments and generate mutual growth.
We’re continually expanding the programme with new partners and increasing its scope with existing partners.
Last month, for example, we signed the Partnership Growth Charter with PTPN – a key partner in Indonesia for ensuring we have deforestation-free palm oil and palm kernel oil. The charter will help us drive value, resilience and innovation, beginning with ten projects in the pipeline that will unlock competitiveness and drive mutual growth sustainably and at scale.