“ Procurement can drive innovation by utilising suppliers ’ knowledge in their own space ,” says Bornstein . “ It ' s very well positioned to drive ESG , sustainability and diversity . Visa recognises that third-party suppliers are important stakeholders .
“ Today they provide services and products to us , tomorrow they might become our partners and ultimately , as both businesses and individuals , they use our payment solutions .”
To support Visa Europe in its ESG initiatives , the Procurement team has entered into a partnership with EcoVadis to help assess their supply chain . The aim is to provide a better understanding of suppliers : who they engage in their business from an ESG perspective , and how Visa can together improve the communities in which they operate .
That partnership with EcoVadis helps to provide insights into Visa ’ s supplier base , which