ISO 20400
Sustainable procurement certification
Sustainable procurement is one of the critical topics. ISO has published a good practice guide (ISO 20400), which is a valuable tool for organizations to develop and implement a sustainable procurement strategy, establish appropriate risk methodologies, identify appropriate measures and monitor performance.
Advantages of Certification
- a way to integrate sustainability in the procurement process, at a strategic level, in the organization’s policies and practices and processes;
- manage financial, environmental and reputational risks more efficiently and effectively;
- promoting innovation;
- sustainability benefits, including life-cycle cost savings;
- contribution to the local economy;
- encouraging small and medium-sized suppliers;
- ensuring respect for human rights in your supply chain;
- reducing resource waste and emissions.
What is ISO 20400 and why is it important?
Sustainable procurement is essential to every company’s sustainable transformation as it can help reduce environmental impacts, improve social conditions, mitigate supply chain risks, enhance reputation and create economic benefits. Procurement is an important topic for many organizations. An appropriate sustainable procurement strategy is therefore essential to act responsibly and contribute to sustainable development
Adopting sustainable procurement policies and practices will lead to:
- demonstrating commitment to sustainability and long-term value creation for the organization and its stakeholders;
- managing risks (including opportunities) for environmentally, socially and economically sustainable development.
An organization and its procurement function considers the following sustainability issues and their interdependencies when developing its sustainable public procurement policy:
- Organizational Governance
- Human rights
- Work practices
- Environment
- Fair practices
- Consumer aspects
- Community involvement and development
Why ISO 20400 certification with SRAC?
SRAC certification confirms the actions implemented by organizations to:
- ensuring the organizational conditions and management techniques necessary to implement a sustainable procurement policy and strategy;
- prioritization of supply chain actions based on risk analysis and sustainability criteria;
- to minimize the organization’s operational risks with regard to the social and economic environment;
- incorporation of the whole value chain in sustainability performance. This necessarily includes the dual involvement of the value chain. In other words:
– Upstream: by encouraging organizations to establish a supply chain with a more positive impact on the environment and the economy, building trust in their value chain;
– Downstream: by generating a positive environmental, social and economic impact throughout the product life cycle.
- sustainable financing and responsible consumption;
- empowering organizations by pursuing much more than making profits at any cost;
- meet the sustainability requirements of clients and investors, reducing the risk associated with environmental regulation;
- turning procurement into a competitive advantage by validating companies’ ESG (environmental, social and governance) criteria.
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