Procurement and sustainability professionals recognise the important position sustainable procurement performs in “buying the longer term we wish.”

There has by no means been a extra urgent set of indicators demonstrating the dimensions of the problems dealing with people and the planet.

Even a small shift in the way in which we purchase could have a big affect on folks and the planet, whereas serving to to satisfy the Paris Settlement targets and the UN Sustainable Growth Targets (SDGs). With the ever-growing impacts of local weather change, inhabitants progress, scarce pure assets, international pandemics and calls to motion for social justice, organisations might want to innovate their buying practices to construct extra resilient and sustainable provide chains.

Our use and discard fashions of consumption have had devastating impacts on our planet. Useful resource extraction and processing are chargeable for round half of worldwide greenhouse fuel emissions [1]. They’re additionally chargeable for 90% of biodiversity loss and water stress [2]. The highlight is due to this fact squarely positioned on extractive industries for local weather change mitigation. Our consumption-based linear financial system—take, make, use, discard—isn’t sustainable.

The transition to a round financial system, primarily based on higher design, cut back, reuse, and recycle, relies on procurement as a key driver. Organisations can assist this transition, one that’s restorative and regenerative by design [3], by evaluating the companies and merchandise they purchase and the businesses with whom they select to do enterprise.

This information is designed to assist procurement and sustainability professionals leverage the facility of sustainable procurement to advance your sustainability targets, whereas additionally contributing to the development of the round financial system.

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[1] IRP, 2022. Making Local weather Targets Achievable: Enhancing Wellbeing by way of Diminished Absolute Useful resource Use. Potočnik, J., Teixeira, I. A assume piece of the Worldwide Useful resource Panel Co-Chairs https://www.resourcepanel.org/studies/making-climate-tar gets-achievable
[2] IRP, 2022. Making Local weather Targets Achievable: Enhancing Wellbeing by way of Diminished Absolute Useful resource Use. Potočnik, J., Teixeira, I. A assume piece of the Worldwide Useful resource Panel Co-Chairs https://www.resourcepanel.org/studies/making-climate-tar gets-achievable
[3] Ellen MacArthur Basis, 2023, 'What's a round financial system?'. https://ellenmacarthurfoundation.org/matters/circular-economy-introduction/overview