Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. The survey conducted by Eco Vadis and HEC about the results attribute to Sustainable Procurement program showed 76% of the procurement leader acknowledged that adopting sustainable procurement contribute to improved brand reputation.
Barometer author cited “consumers are largely driving corporate demand for sustainability and quality produced products”. Sustainable procurement undoubtedly gives a positive impact on company revenue growth and protecting brand reputation in the long run.
Sustainable development is in the news every day as the world copes with climate change, biodiversity loss, and conflict and resource scarcity. Sustainability is the foundation for today’s leading global framework for international cooperation – the 2030 Agenda for Sustainable Development and it is Sustainable Development Goals (SDGs). Each of the 17 SDGs has specific targets to be achieved by 2030. The goals and targets are universal, meaning they apply to all countries around the world, not just poor countries. Reaching the goals requires action on all fronts – governments, businesses, civil society and people everywhere all have a role to play.