Glossary Eco-friendly Procurement
Eco-friendly procurement, also known as green procurement or sustainable procurement, refers to the process of purchasing goods and services that are less harmful to the environment. This involves considering the environmental impacts associated with the products or services throughout their entire lifecycle, from raw material extraction, through production and use, to disposal or recycling.
Here are the key principles involved in eco-friendly procurement:
Eco-friendly procurement can help companies to reduce their environmental impact, comply with environmental regulations, save costs (for example through energy or water efficiency), and meet the growing demand from consumers for environmentally friendly products. However, it often requires integrating environmental considerations into procurement decision-making processes and working closely with suppliers to improve their environmental performance.
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