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<p dir="ltr">Green procurement is purchasing goods and services with a reduced environmental impact compared to conventional alternatives. Incorporating sustainable performance as a selection criterion is a key aspect of green procurement. Quality of services and competitive offerings are still important considerations.</p>
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<p>Setting up a green procurement policy can contribute to reducing carbon emissions for a company in several ways:</p>
<p style="padding-left: 40px;">1. <strong>Supplier Selection</strong>: A green procurement policy encourages the company to select suppliers that prioritize sustainable practices and offer environmentally friendly products. By choosing suppliers with low-carbon manufacturing processes, renewable energy use, or eco-friendly materials, the company can reduce the carbon footprint associated with its supply chain.</p>
<p style="padding-left: 40px;">2. <strong>Energy Efficiency</strong>: Green procurement policies can prioritize energy-efficient products and equipment. By procuring energy-efficient technologies, such as lighting systems, appliances, or vehicles, a company can reduce energy consumption and associated carbon emissions during the use phase.</p>
<p style="padding-left: 40px;">3. <strong>Lifecycle Assessment</strong>: A green procurement policy may require suppliers to provide information about the lifecycle carbon footprint of their products. This allows the company to make informed decisions based on the environmental impact of a product throughout its entire lifecycle, including production, transportation, use, and disposal. By choosing products with lower carbon footprints, the company can contribute to emissions reduction.</p>
<p style="padding-left: 40px;">4. <strong>Waste Management</strong>: Green procurement policies often emphasize reducing waste generation and promoting recycling or reuse. By procuring products with minimal packaging, recyclable materials, or extended product lifecycles, a company can reduce waste sent to landfills, thus decreasing associated greenhouse gas emissions.</p>
<p style="padding-left: 40px;">5. <strong>Employee Awareness</strong>: Implementing a green procurement policy can raise employee awareness about sustainability and encourage eco-friendly behavior within the organization. By promoting environmentally conscious practices, such as reducing paper usage, using energy-efficient equipment, or choosing public transportation, employees can collectively contribute to reducing carbon emissions.</p>
<p style="padding-left: 40px;">6. <strong>Stakeholder Engagement</strong>: A green procurement policy demonstrates the company's commitment to sustainability, which can positively influence stakeholders, including customers, investors, and communities. This can enhance the company's reputation, attract environmentally conscious consumers, and potentially increase market share. As a result, the company can indirectly contribute to reducing carbon emissions by driving demand for low-carbon products and encouraging other organizations to adopt sustainable practices.</p>
<p>By integrating environmentally friendly considerations into procurement processes, a company can play a significant role in reducing carbon emissions throughout its supply chain and operations, ultimately contributing to broader sustainability and climate change mitigation efforts.</p>
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<p dir="ltr"><span style="color: rgb(35, 111, 161);"><strong>Estimated Impact</strong></span></p>
<p dir="ltr">92% of an average company&rsquo;s emissions originate in the value chain</p>
<p dir="ltr">Collaborating with suppliers is vital in delivering net zero.</p>
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