Understanding Sustainability in Procurement – ISO 20400

Sustainability in procurement, as outlined in ISO 20400, involves considering the environmental, social, and economic impacts of procurement decisions to achieve a balanced approach that benefits businesses, society, and the planet. It moves beyond traditional procurement criteria like cost and quality by focusing on factors such as reducing resource consumption, minimizing environmental degradation, promoting ethical labor practices, and fostering economic development. Sustainable procurement incorporates a lifecycle perspective, ensuring that products and services are sourced, used, and disposed of responsibly. It also emphasizes collaboration with suppliers to encourage innovation and align with sustainability goals. By embedding sustainability into procurement processes, organizations can enhance their reputation, improve operational efficiency, and contribute to global sustainability initiatives, including the United Nations’ Sustainable Development Goals (SDGs).

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Timecodes
0:00 - Introduction
0:36 - What is Sustainable Procurement?
1:09 - Environmental Responsibility
1:37 - Social Responsibility
2:06 - Economic Responsibility
2:30 - Implementing Sustainable Procurement
2:44 - Set Clear Objectives
3:00 - Engage with Suppliers
3:19 - Consider Life Cycle Impacts
3:35 - Measure and Improve
3:54 - Why Sustainable Procurement Matters
4:22 - Conclusion