Principles of Sustainable Procurement – ISO 20400

The principles of sustainable procurement in ISO 20400 are centered on integrating environmental, social, and economic considerations into procurement processes to achieve long-term value and positive impacts. Key principles include accountability, ensuring organizations take responsibility for the impacts of their procurement decisions; transparency, fostering open and clear communication with stakeholders; ethical behavior, promoting fairness and integrity throughout the supply chain; and respect for human rights, labor practices, and diversity. The standard emphasizes a lifecycle approach, encouraging organizations to assess the full environmental and social impacts of products and services, from production to disposal. Additionally, it highlights the importance of engaging with suppliers, building partnerships, and fostering innovation to drive sustainable solutions. By following these principles, organizations can align their procurement practices with sustainability goals and contribute to global efforts like the United Nations’ Sustainable Development Goals (SDGs).

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Timecodes
0:00 - Introduction
0:40 - Accountability
1:18 - Transparency
1:54 - Respect for Human Rights
2:35 - Ethical Behavior
3:12 - Environmental Responsibility
3:55 - Fair Operating Practices
4:24 - Promoting Sustainability in the Supply Chain
5:07 - Continuous Improvement
5:45 - Conclusion