Integrating Sustainable Procurement and Scope 3.1 Emissions Accounting in Finance Operations

Summary:

SourcingHaus was contracted to support a major international financial institution in enhancing its approach to sustainable procurement and emissions reduction. The engagement delivered a set of targeted tools, guidance notes, and strategic recommendations to help the institution better integrate environmental criteria into procurement processes, monitor supplier sustainability performance, and define a roadmap for supply chain decarbonization.

The Challenge:

With a growing focus on sustainability, global financial institutions are under increasing pressure to address supply chain emissions and ESG performance in procurement. However, integrating environmental metrics into procurement workflows, supplier management, and policy frameworks requires tailored guidance and operational tools that reflect the organization’s complexity, procurement structure, and data landscape.

What We Did:

SourcingHaus delivered a package of research-based and practice-oriented tools to support the institution’s sustainability goals, including:

• Product and Service-Specific Guidance: Developed tailored environmental guidance for priority product and service categories to support procurement decision-making and criteria development.
• Supplier Performance Metrics Framework: Created a practical supplier sustainability performance metrics model to track and assess environmental impacts and maturity levels.
• Decarbonization Strategy Roadmap: Designed a forward-looking roadmap to support emissions reduction across procurement categories, aligning with global Scope 3 guidance and institutional priorities.

All deliverables were designed for immediate integration into internal systems and to support broader sustainability reporting and accountability.

The Impact:

• Enabled the institution to introduce environmental sustainability considerations in procurement policies and templates
• Provided a practical framework to monitor and evaluate supplier environmental performance
• Contributed to the design of a decarbonization strategy aligned with international standards and internal priorities
• Supported future alignment with Scope 3 reporting and sustainable finance objectives