VISA
Visa Europe CFO Rob Livingston and
CPO Alisa Bornstein explain how a focus on procurement and supply chain is driving the payments giant ’ s ESG strategy
The Chief Procurement Officer ’ s engagement with the C-Suite is growing , and increasingly Chief Financial Officers recognise the value that a close relationship between the two executive functions can bring to the business and its commercial goals .
“ Over the past two years of the pandemic , we ' ve had the opportunity to take a closer look at the resilience of our supply chain and how closely connected that supply chain is with the communities where we are ,” says Rob Livingston , Visa Europe CFO .
“ During that time , there have been two elements that have leapt to the forefront in terms of how we think about procurement . The first one is around sustainability and making sure that we have a supply chain that is going to reflect our goals as a corporation in terms of our environmental and other impacts on society .
“ The other element that we really focused on is the diversity of our supply chain – making sure that we were resilient and support diverse and small businesses . Having backup suppliers for the most critical functions is key , as is thinking about diversity in terms of ensuring that we ' re supporting businesses that are owned by women , or led by women , and minority-owned businesses here in Europe and around the world .