Green procurement refers to the purchase of goods and services that have a reduced impact on the environment throughout their lifecycle, from production to disposal.
The primary objective is to implement procurement practices that align with the organization’s CSR by contributing to waste reduction, reducing its carbon footprint, meeting ESG scores, and supporting the transition towards a more sustainable environment.
Organizations implement green procurement by prioritizing sustainability goals, selecting suppliers that have better ESG scores, collaborating with stakeholders that share similar sustainability goals, and measuring performance using trusted KPIs and accurate emission data for impactful decision-making.
