86% of Procurement Leaders Are Spearheading Sustainability Initiatives, According to Icertis Sponsored Study
BELLEVUE, Wash., Jan. 16, 2024 /PRNewswire/ -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), has published the annual ProcureCon CPO report based on research undertaken by WBR Insights.
- Survey respondents included supply chain, procurement, and risk management leaders from companies across the U.S. and Canada in industry sectors spanning manufacturing, pharmaceutical, aerospace, automotive, and more.
- Key findings from the 2024 CPO Report include:
Procurement teams are a strategic arm for driving value. - 86 percent of CPOs play a moderate to large role in driving sustainability decisions, with 46 percent prioritizing ESG and sustainability goals in 2024.
- This is a pivotal moment for procurement leaders to assert their influence, steering the organization and shaping business-critical initiatives with AI technology, particularly in contract management."