Environmental and economic: the profile of sustainable procurement
Sustainable procurement entails a systematic approach to purchasing, wherein an organization's acquisition of goods and services is undertaken in a manner that generates positive outcomes for both the organization and society at large, while simultaneously minimizing environmental impacts. This is achieved by ensuring that suppliers' employees are provided with decent working conditions, products and services acquired are sustainable, and socio-economic concerns, such as inequality and poverty, are effectively addressed. In this article, we will explore the environmental and economic aspects of sustainable procurement.