In this episode, Thomas interviews Luke Abbott, CEO and Founder of Equipoise, about sustainable procurement. They discuss Luke's journey to specializing in this field, the definition of sustainable procurement, and the challenges and trends within. They also explore the drivers for sustainable procurement, including marketing, employee pressure, investor pressure, and cost savings.

In this conversation, Luke highlights the importance of understanding scope 3 emissions and the risk of focusing solely on carbon emissions. Other environmental and social topics, such as nature, biodiversity, and supply diversity, are also important considerations. Luke notes that different industries and regions have varying priorities in sustainable procurement. He emphasizes the need for global regulations and collaboration with suppliers to reduce emissions. The conversation concludes with a discussion on the changing focus of sustainable procurement and the impact of regulations.

Takeaways

Sustainable procurement involves understanding and addressing the negative environmental and social impacts of the supply chain.
Drivers for sustainable procurement include marketing and branding, employee pressure, investor pressure, and cost savings.
Sustainable procurement can elevate the role of procurement within organizations and contribute to the achievement of environmental and social goals.
Regulations are becoming stronger, leading to an increased focus on sustainable procurement. Understanding scope 3 emissions is crucial.
Sustainable procurement should not focus solely on carbon emissions but also consider other environmental and social topics.
Different industries and regions have varying priorities in sustainable procurement.
Collaboration with suppliers is essential for reducing emissions and driving sustainability.
Embedding sustainability throughout the procurement process is key to successful sustainable procurement.

Host: Thomas Buch Andersson

Guest: Luke Abbott

Producer: Cristina Souto

Music: Kiholm

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The consultant's perspective on sustainable procurement