Browse Definitions :
Definition

sustainable procurement

Contributor(s): Matthew Haughn

Sustainable procurement is the meeting of business needs for materials, goods, utilities and services in an environmentally-friendly, responsible and ethical way.

Companies dedicated to sustainable procurement try to make economical and effective long-term decisions that benefit the company, customers, society and the environment. For example, beyond initial costs of a product, the cost of the product lifecycle are assessed. This assessment includes the product’s cost of acquisition and maintenance as well as costs associated with the end of service time, such as disposal. Once these product considerations are met, a buyer would also avoid products produced by exploitative labor or environmentally-irresponsible producers and would favor fair trade companies. Supply chain sustainability is integral to sustainable procurement.

Economic irresponsibility has always had the capacity to destroy a company. Increasingly, customers also strongly disapprove of irresponsibility to the environment and society -- customers who, in the age of social media, are likely to find about transgressions. Easier access to information and communication also helps consumers respond to corporate malfeasance, sharing information, for example, and organizing boycotts. This consumer pressure and the desire for good public relations helps drive corporate initiatives like sustainable procurement and promotes corporate accountability and transparency.

This was last updated in June 2016

Continue Reading About sustainable procurement

Join the conversation

1 comment

Send me notifications when other members comment.

Please create a username to comment.

hi i am student i wanna to understand about procurement and
sustainable development i kindly request to clarify me .thanks

public procurement as a tool for sustainable development

Cancel

SearchCompliance

  • risk assessment

    Risk assessment is the identification of hazards that could negatively impact an organization's ability to conduct business.

  • PCI DSS (Payment Card Industry Data Security Standard)

    The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to ...

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

SearchSecurity

  • tokenization

    Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential ...

  • incident response

    Incident response is an organized approach to addressing and managing the aftermath of a security breach or cyberattack, also ...

  • Federal Information Security Management Act (FISMA)

    The Federal Information Security Management Act (FISMA) is United States legislation that defines a framework of guidelines and ...

SearchHealthIT

SearchDisasterRecovery

  • call tree

    A call tree is a layered hierarchical communication model that is used to notify specific individuals of an event and coordinate ...

  • Disaster Recovery as a Service (DRaaS)

    Disaster recovery as a service (DRaaS) is the replication and hosting of physical or virtual servers by a third party to provide ...

  • cloud disaster recovery (cloud DR)

    Cloud disaster recovery (cloud DR) is a combination of strategies and services intended to back up data, applications and other ...

SearchStorage

Close