SPP and Bain & Company entered into a strategic collaboration in 2025 to advance Phase 2—the Piloting Phase—of the SPP “Carbon Pricing for Procurement” initiative. Drawing on Bain’s expertise in sustainability and decarbonization, the partnership focused on refining the SPP Carbon Pricing Principles, guided by implementation feedback from the SPP community. Bain supported the initiative by facilitating and synthesizing insights from participating companies’ piloting efforts to strengthen clarity, consistency, and real-world applicability, which have been shared with the broader procurement community. This collaboration underscored a shared commitment to accelerating sustainable procurement practices and advancing credible, actionable carbon pricing approaches to drive meaningful progress in decarbonization.