Sustainable Procurement
The World Commission on Environment and Development (WCED) defined sustainable development as ‘development that meets the needs of the present without compromising the ability of future generations to meet their own needs.’
Sustainable procurement is an extension of this concept to the purchasing and supply function within organizations. It can be defined as a procurement process that meets the needs of the organization while minimizing negative impacts on society and the environment.
There are numerous benefits of sustainable procurement, including reducing environmental impacts, promoting social responsibility, supporting local economies, and improving organizational image and reputation. Additionally, sustainable procurement can help reduce costs associated with waste disposal and resource consumption.