Green Procurement

Sustainable procurement, commonly known as green procurement, involves the assessment of products, materials, and services based on their environmental impact. This approach considers the entire life cycle of a product, ensuring that environmental impacts are scrutinized from production to disposal, aligning with the organization's corporate social responsibilities.

Contracting authorities establish stringent environmental guidelines to govern sustainable procurement practices. It emphasizes purchasing goods and services that contribute minimally to environmental harm. The surge in demand for recyclable products, energy-efficient systems, and eco-friendly technologies reflects the growing commitment to environmentally responsible business practices. In sustainable procurement, the focus is on the environmental footprint of purchasing decisions rather than solely on cost considerations.

Learn more about Ivalua's sustainable procurement & ESG solutions.