Sustainable procurement: a future-oriented CPO’s agenda
Industrial, mining, and agricultural practices with high carbon emissions over the last 100 years have contributed to global warming and an alarming depletion of natural resources and the ozone layer. However, a steep rise in awareness over the last decade has led to a better understanding of the business case for sustainable practices. Today, sustainability is no longer merely a fashionable term finding only fleeting mentions in corporate CSR agendas. Rather, even as nations across the globe rise up to the daunting challenges of sustainability, top organizations too are committing to the cause. This paper explores the concept of sustainable procurement, identifying its environmental, social, and governance dimensions, and providing strategy design and implementation recommendations.
