Supplier Day Blog

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Supplier Day DPW_ Pitch.pptx

Representing togetherness, and working together with a purpose, Ubuntu encompasses not only a core value of Supplier Day but also the spirit of DPW Amsterdam 2022. The Supplier Day Team had the privileged of attending DPW to showcase the power of start-ups and the true impact of collective action to a room full of procurement leaders, entrepreneurs and change-makers.

What is a Supplier Day and Why is it important?

Supplier days has been around for years, and yet many organisations know very little about what it is and just how much it can help them. Suppliers are one of the most valuable assets within any organisation but in order to foster stronger relationships and gain alignment on your core values, you need more than your standard forms of communications. You need a supplier day!

On Wednesday 27th April, Supplier Day hosted and participated in Vizibl’s Decade of our Lives: Turning Objectives into Action, their third event in a series of webinars spotlighting the most planet critical missions: Climate, Carbon, and the Scope 3 Challenge. We were joined by Thomas Udesen, CPO of Bayer and Co-Founder of The Sustainable Procurement Pledge, who shared his insights into how corporations can turn their ESG objectives into concrete action.

LIVE

After two years of unprecedented disruption, Bayer wanted to engage its most valued suppliers in a redesign of how they would collaborate and grow together going forwards... with sustainability at the core. Having worked with Supplier Day on its bi-annual Bayer Supplier Day in November 2021, Bayer is now restructuring its supply chain collaboration programme to feature more frequent virtual events, large and small, to capture the true power of its supplier community.

Supplier Days are your lightning bolt

Supplier Day is well versed in the idea that what you measure influences performance. Linking executive compensation to meeting Environment, Social and Governance (ESG) goals is becoming a practice adopted by several leading companies. Amongst the most recent: VW, Deutsche Bank and Apple. At VW, ESG criteria will be integrated into bonus calculations for the management board. Deutsche Bank will tie the salaries of its supervisory and management boards members to sustainability criteria. And Apple is introducing an ESG modifier that will be incorporated into their incentive scheme.