Published: 15 July 2024
Sustainable procurement applications help companies assess and monitor suppliers’ ESG performance to reduce risk exposure and drive improvements. This research highlights the trends and key capabilities procurement technology leaders should use to assess solutions available in the market.
First published in 2021 using the terminology “supplier sustainability applications,” the name of this market has been updated to “sustainable procurement applications” to better align to the terminology commonly used by most organizations.
The adoption of sustainable procurement applications, which enables supplier assessments on environmental, social and governance (ESG) topics using survey-based tools (e.g., supplier self-assessments), is accelerating. According to the 2024 Gartner Sustainable Procurement Pulse Survey, this type of tool is currently used by 70% of organizations, up from 54% according to the 2022 version of the same study.
Many solution providers of adjacent markets, such as product
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