Balfour Beatty, the international infrastructure group, is the first company to complete the ISO 20 400 assessment, the new international standard for sustainable procurement launched in 2017.
The new standard, which has been in development since 2013 involving a committee of over 40 nations, provides the fundamental guidance, drivers and principles to ensuring sustainable procurement for organisations.
The standard incorporates UN Guiding Principles on Human Rights and Business as well as the requirements of the ISO 26000. All organisations, public and private, can apply and it outlines the sustainability impacts and considerations that should be incorporated across the different aspects of procurement activity. It is an update to BS 8903 in that it takes into consideration new concepts such as life-cycle analysis, due diligence, complicity and global cost.
Successful completion of the assessment and implementation of the standard ensures that key issues are considered in developing a sustainable procurement policy and strategy; guidance in creating organisational conditions necessary to procure sustainably; guidance in setting priorities in sustainable procurement and suggestions on how to improve the procurement process as a whole.
Aaron Reid, Head of Sustainable Procurement, Balfour Beatty, said, ‘The standard gives us a clear framework to determine ‘what good looks like’ in terms of sustainable procurement and how we compare against it.
Director of Action Sustainability and Chair of the Supply Chain School, Shaun McCarthy OBE, said, ‘ISO 20 400 sets out a strategic framework for achieving sustainability and value for organisations competing in a global market.
‘Procurement professionals and their stakeholders need to step up to this sustainability challenge and the standard provides a global framework for doing so.
Balfour Beatty is also a member of the Supply Chain School, an initiative which represents a common approach to sustainability within supply chains that includes companies such as Carillion, Skanska and Willmott Dixon.
For a detailed explanation of what the new ISO standard is and how it could impact your business, click heres and download features explanations from Action Sustainability and BSI.