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Sustainable procurement or green procurement is a process whereby organizations meet their needs for goods, services, works and utilities in a way that achieves value for money on a life-cycle basis while addressing equity principles for sustainable development, therefore benefiting societies and the environment across time and geographies. [1]
Circular procurement is an approach to government procurement that enables private and public authorities to support a transition to a circular economy.This is done by purchasing works, goods, or services designed to create closed energy and material loops within supply chains while minimizing, or avoiding, the generation of waste and other negative factors on the environment.
Green public procurement (GPP) occurs when governments obtain goods, works, and services that are sustainable and environmentally friendly. [62] Rules encourage the public sector to purchase green products and supplies, such as energy efficient computers, recycled paper, green cleaning services, electric vehicles, and renewable energy.
Sustainable procurement or green procurement is a process whereby organizations meet their needs for goods, services, works and utilities in a way that achieves value for money on a life-cycle basis while addressing equity principles for sustainable development, therefore benefiting societies and the environment across time and geographies. [39]
Green supply chain management (GSCM) is the consideration of environmental issues within supply chain management. Definitions and scope GSCM has been defined as the ...
The activities of public procurement and innovation intersect in three specific areas: public procurement for innovation, public procurement of innovation, and innovative public procurement. [25] First, multiple studies have established that public procurement for innovation is a viable and efficient tool to stimulate innovation as a demand ...
The full title of Target 12.7 is: "Promote public procurement practices that are sustainable, in accordance with national policies and priorities." [1] It has one indicator: Indicator 12.7.1 is the "Degree of sustainable public procurement policies and action plan implementation". [1] Three objectives, SPP, GPP and SRPP, all figure in the ...
Green accounting helps promote a sustainable future for businesses as it brings green public procurement and green research and development into the big picture. Penalties for polluters and incentives (such as tax breaks, polluting permits, etc.) are also a crucial part of this type of accounting.