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Sustainable procurement or green procurement is a process whereby organizations meet their needs for goods, services, works and utilities in a way that achieves value for money on a life-cycle basis while addressing equity principles for sustainable development, therefore benefiting societies and the environment across time and geographies. [1]
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 decisions and ...
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 triple bottom line consists of social equity, economic, and environmental factors. The phrase, "people, planet, and profit" to describe the triple bottom line and the goal of sustainability, was coined by John Elkington in 1994 while at SustainAbility, [3][9] and was later used as the title of the Anglo-Dutch oil company Shell's first ...
Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. [ 2 ][ 1 ] Sustainability usually has three dimensions (or pillars): environmental, economic, and social. [ 1 ]
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.
Sustainable development is an approach to growth and human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. [1][2] The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity. [3][4] Sustainable ...
Sustainability standards can be categorized as either voluntary consensus standards or private standards. International Organization for Standardization (ISO) is an example of an standards organization who develop international standards following a voluntary consensus process for sustainability under Technical Committee 207, Environmental management and Technical Committee 268, Sustainable ...