ISO to Issue First International Standard for Sustainable Procurement
As companies continue to advance their sustainability strategies and practices, the question of “to what standard” is becoming more urgent. The International Organization for Standardization is close to an answer. A new standard, ISO 20400, Sustainable Procurement - Guidance, provides a framework for organizations that integrate sustainability into their procurement process. It has just reached second draft stage, meaning “interested parties can once more submit feedback before final publication in 2017.” Why does this matter? Procurement in the public sector alone in OECD countries accounts for 12% of GDP and 29% of government spending—we’re talking billions of dollars in trade. Making that amount of money work to an internationally accepted standard will be a major contribution toward global sustainability.
John Howell, Editorial Director
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