Environmental permitting spends are mandatory spends for business continuity, however there is hardly any effort to extract more strategic value from them by the procurement folks of industries. It can rejigged to obtain insights for resilience building, extend an ESIA into a flood risk assessment to understand your insurance premiums in a climate unequal world. Leverage environmental monitoring data as an entry point to map your ecosystem footprint, and then utilise the data analytics via models into actionable intelligence for gauging product supply chains.

The context varies, but an extra dollar worth of value can be extracted from existing spends.