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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 ...
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 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 ...
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 ...
In 2015, the FSB created the Task Force in order to develop recommendations of voluntary disclosures for listed companies. However, ahead of the COP26 summit (2021), the UK responded to the clear 'leadership vacuum on climate change governance' [7] to become the first G20 country to mandate 1,300 of the UK's largest private companies to disclose climate-related data in line with the TCFD ...
The Addis Ababa Action Agenda[1] was the outcome of the 2015 Third International Conference on Financing for Development, held in Addis Ababa, Ethiopia. It was adopted by heads of state and government on 15 July 2015. 174 United Nations member states sent delegations; [2] 28 heads of State, vice presidents and heads of government attended. [3]
The Forward Commitment Procurement model involves providing the market with advance information of future needs in outcome terms, early engagement with potential suppliers and - most importantly - the incentive of a Forward Commitment: an agreement to purchase a product or service that currently does not exist, at a specified future date, providing it can be delivered to agreed performance ...