Thursday, 8 May 2014

All about Green Procurement

Companies and organisations around the world are taking steps to buy products and services that are eco-friendly and less harmful to the environment. Public and private sectors are therefore implementing purchasing practices that include environmental and social considerations. These activities are also moving towards sustainable production and consumption.

Now governments are recognising the benefits of green procurement practices, such as the cost saving benefits from reducing the amount of energy used, managing materials and using resources effectively.  There are plenty of other qualitative advantages to benefit from too. One of these is improving the image of the company and there’s always the benefit of meeting the objectives of the company policies.

Private sectors are moving towards green procurement practices. Private firms are doing the same, using green procurement to improve their environmental performances. The four main green procurement activities include:
  • Supply chain initiatives
  • The use of third party products/service evaluations
  • Using eco-labeled products or services
  • The in-house services/product evaluations

No comments:

Post a Comment