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Sustainable procurement and supply chain management are key aspects for achieving circularity and a greener future. But what does it mean to procure and manage materials and suppliers in a sustainable way? 🌱
What is sustainable procurement?
Sustainable procurement is the process of selecting, acquiring, using, and disposing of goods and services that minimize environmental and social impacts and maximize positive outcomes for the planet and society. When we talk about sustainable procurement we are talking about factors such as eco-materials, ethical suppliers, life cycle costs, carbon footprint, waste reduction, and social responsibility.
What does a sustainable supply chain look like?
Well, like any other supply or value chain, but with the key integration of environmental and social considerations into the management of the flow of goods, and raw materials to end users. Most typically, sustainable supply chain management is going to look for environmental and social standards in compliance, reduction in transportation and logistics to mitigate travel emissions, promoting circular practices and, last but not least, enhancing transparency and accountability.
At Colectivo, we focus on eco-materials, ethical suppliers, and the circular economy principles working with our built environment experts such as Juan Alcalde and Letizia Caprile OrtÃz, to instil the best practices for sustainable procurement and supply chain in all organisations.Â
By adopting sustainable procurement and supply chain practices, organisations can not only reduce their environmental impact and improve their social performance, but also gain competitive advantages such as cost savings, innovation, risk management, and customer satisfaction.Â
If you are interested in learning more about sustainable procurement and supply chain management, follow us, or reach out to see what we can do together!Â
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