GHG (Greenhouse Gases)

Greenhouse gases (GHGs) are gaseous compounds in the atmosphere that absorb and emit infrared radiation, which leads to the trapping of heat and contributes to climate change. As a result, global policies such as the Paris Agreement have highlighted the need for businesses to measure and reduce their GHG emissions in order to achieve net-zero emissions by 2050. Procurement plays a key role in helping organizations meet these targets, as it involves identifying and acquiring low-carbon materials, services, and goods from suppliers who are taking steps to reduce their GHG emissions. Therefore, it is essential that procurement professionals become familiar with the official definition of GHGs in order to effectively implement sustainability initiatives into their procurement strategies.