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00:02:12 1 Triple bottom line considerations
00:02:52 1.1 Environmental
00:04:30 1.2 Social
00:05:16 1.3 Economic
00:06:40 2 Sustainable procurement policy and development
00:06:52 2.1 State government
00:11:31 2.1.1 Case studies
00:15:42 2.2 Local government
00:18:41 2.3 Private sector
00:20:27 2.3.1 Fair Trade
00:20:51 2.3.2 B Corporation
00:21:18 3 Approaches
00:21:36 3.1 Product-based
00:22:09 3.2 Supplier-based
00:23:17 4 See also
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Speaking Rate: 0.9203925137643014
Voice name: en-US-Wavenet-D
"I cannot teach anybody anything, I can only make them think."
- Socrates
SUMMARY
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Procurement is the process of finding, acquiring, buying goods, services or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services or works the best possible price, when aspects such as quality, quantity, time, and location are compared. Procurement is considered sustainable when organizations broadens this framework by meeting their needs for goods, services, works, and utilities in a way that achieves value for money and promotes positive outcomes not only for the organization itself but for the economy, environment, and society. This framework is also known as the triple bottom line.
Sustainable procurement is a spending and investment process typically associated with public policy, although it is equally applicable to the private sector. Organizations practicing sustainable procurement meet their needs for goods, services, utilities and works not on a private cost–benefit analysis, but with a view to maximizing net benefits for themselves and the wider world. In doing so they must incorporate extrinsic cost considerations into decisions alongside the conventional procurement criteria of price and quality, although in practice the sustainable impacts of a potential supplier's approach are often assessed as a form of quality consideration. These considerations are typically divided thus: environmental, economic and social. To procure in a sustainable way involves looking beyond short-term needs and considering the longer term impacts of each purchase. Sustainable procurement is used to ensure that purchasing reflects broader goals linked to resource efficiency, climate change, social responsibility and economic resilience, for example.
Sustainable procurement involves a higher degree of collaboration and engagement between all parties in a supply chain. Many businesses have adopted a broad interpretation of sustainable procurement and have developed tools and techniques to support this engagement and collaboration.
