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ESG Procurement

oboloo Glossary

ESG Procurement

ESG Procurement refers to the process of sourcing goods and services from external suppliers. It is a process that involves identifying, evaluating, and selecting suppliers to meet the organization’s needs.

The process of ESG Procurement is designed to ensure that the organization obtains the best value for money and meets the organization’s objectives. It involves the development of a procurement strategy, the selection of suppliers, the negotiation of contracts, and the management of the supplier relationship. ESG Procurement also involves ensuring that the organization is compliant with relevant laws and regulations, and that the organization is able to effectively manage the risks associated with the procurement process.

ESG Procurement is an important part of any organization’s overall strategy and is essential for ensuring that the organization is able to achieve its objectives.

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