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The UK in 2005 pledged to be a performance-leader in sustainable procurement by 2009 and commissioned the business-led Sustainable Procurement Task Force to formulate appropriate strategy. [20] Broad-based procurement strategies are prominent across the EU [21] while it is an increasingly influential concern elsewhere, most notably Canada. [22]
ISO 20400. ISO 20400:2017 Sustainable procurement — Guidance is a standard by the International Organization for Standardization (ISO) that provides guidance to organizations, independent of their activity or size, on integrating sustainability within procurement. [1] It is intended for stakeholders involved in, or impacted by, procurement ...
Supply-chain sustainability is the management of environmental, social and economic impacts and the encouragement of good governance practices, throughout the lifecycles of goods and services. [1] There is a growing need for integrating sustainable choices into supply-chain management. An increasing concern for sustainability is transforming ...
The Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 by Jean Rogers [1] to develop sustainability accounting standards. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of companies, driving ...
Circular procurement is an approach to government procurement that enables private and public authorities to play a role in supporting a transition to a circular economy by purchasing works, goods or services designed to create closed energy and material loops within supply chains while minimising (or avoiding) the generation of waste and other negative impacts on the environment.
The Task Force on Climate Related Financial Disclosures (TCFD) provides information to investors about what companies are doing to mitigate the risks of climate change, as well as be transparent about the way in which they are governed. It was established in December 2015 by the Group of 20 (G20) and the Financial Stability Board (FSB), and is ...
The 2030 Agenda for Sustainable Development, adopted by all United Nations members in 2015, created 17 world Sustainable Development Goals (SDGs). They were created with the aim of " peace and prosperity for people and the planet..." [ 1 ][ 2 ][ 3 ] – while tackling climate change and working to preserve oceans and forests.
Sustainability accounting (also known as social accounting, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, or non-financial reporting) originated in the 1970s [1] and is considered a subcategory of financial accounting that focuses on the disclosure of non-financial information about a firm's performance to external stakeholders ...