Sustainable Purchasing Flashcards
What are the Sustainable Purchasing Learning Objectives?
- The importance of Sustainable purchasing
- The relevance & impact of Sustainable purchasing
- The progress of CIPS Sustainable procurement
- Before we buy
What is the definition of SP?
Sustainable purchasing refers to the procurement and acquisition of products and services that have a reduced effect on human health and the environment when compared with competing products or services that serve the same purpose. This evaluation can consider raw materials acquisition,production, manufacturing, packaging, distribution, reuse, operation,maintenance, and disposal of the product or service.
Sustainable purchasing is also known as environmentally preferred purchasing (EPP), environmentally responsible purchasing, green
procurement, affirmative procurement, eco-procurement, and environmentally responsible purchasing.
Core Benifits of Sustainable Purchasing
- Reputation
- Resource Efficency
- Minimising Risk
- Grow Market Share
- Improve Public Sector Provision
What are the consumers views on sustainable purchasing
Reputation - with customers, stakeholders and staff…
- “91% (of UK customers) believe the way a company behaves towards its customers and communities is influential when making a purchase.
- 74% want to know more about the behavior of a company before buying.
- 60% say a company’s environmental record, sourcing and employment policies affect their purchase decision.” (Marketing Week 2011)