https://www.iea.org/newsroom/news/2018/september/iea-releases-two-reports-on-energy-transitions-in-g20-countries.html

ISO 20400 brings new standards for Sustainable Procurement in construction

In tbe construction sector as much as 80% of revenue goes into the supply chain.

The recently introduced international standard for sustainable procurement now provides clear guidelines on how to align purchasing with sustainability goals.

Unlike many other standards, ISO 20400 is not intended for certification, but it may lead to performance assessments. It is relevant to organisations of all sizes, in both the public and private sectors, and applies to any purchasing decision and every stakeholder in the procurement process.

ISO 20400 has been designed to help organisations make sustainable purchasing decisions an gain a better understanding of what sustainable procurement is.

It also helps identify and make the most of different aspects of procurement activities (policies, strategy, organisation and process).

At the end of the day it will help standardise the entire sustainable procurement process.

Key Benefits

ISO 20400 provides guidelines through each step — from strategy to implementation — that help achieve sustainability goals and improve supplier relationship management.

It aims to help:

  • Ensure supply chain security;
  • Prevent financial, environmental and reputational risks;
  • Foster investor and customer confidence;
  • Contribute to opening new markets for products and services.

In addition, drivers for sustainable procurement not only include stakeholder expectation or a competitive advantage but also an increasing demand for compliance with legislation throughout entire supply chains.

The standard makes it easier to prioritise, for example by applying the list of sustainable procurement issues while ensuring that all the relevant stakeholders are involved. This way organisations can focus their efforts on managing risks and opportunities to achieve the best possible contribution to sustainable development.

Further information

What you need to know 

September 26, 2018
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