What is ISO-TS 20700:2016

ISO-TS 20700:2016 is an international standard that provides guidelines and best practices for organizations on sustainable procurement. Sustainable procurement refers to the integration of environmental, social, and economic factors into the purchasing process.

Key Principles of ISO-TS 20700:2016

The standard outlines several key principles that organizations should follow when implementing sustainable procurement practices:

Integration: Organizations should integrate sustainable procurement into their overall business strategy and decision-making processes.

Transparency: Transparency is crucial to ensuring accountability and trust. Organizations should communicate openly about their sustainable procurement practices and any associated challenges or achievements.

Stakeholder Engagement: Engaging with stakeholders, such as suppliers, customers, and local communities, is important for understanding and addressing sustainability issues throughout the supply chain.

Evaluation and Improvement: Regular evaluation of sustainable procurement practices allows organizations to identify areas for improvement and implement necessary changes.

Benefits of Implementing ISO-TS 20700:2016

Implementing ISO-TS 20700:2016 offers numerous benefits for organizations. Here are some of the key advantages:

Reduced Environmental Impact: By integrating environmental considerations into procurement decisions, organizations can minimize their ecological footprint and contribute to a more sustainable future.

Social Responsibility: Sustainable procurement practices promote fair trade, labor rights, and ethical sourcing, ensuring that organizations act responsibly towards workers, communities, and society as a whole.

Cost Savings: Sustainable procurement practices can lead to cost savings in the long term. For example, energy-efficient products and services can reduce operational expenses.

Enhanced Reputation: Implementing sustainable procurement practices enhances an organization's reputation as a socially and environmentally responsible entity, which can attract customers and investors.

Conclusion

In conclusion, ISO-TS 20700:2016 is a valuable resource for organizations seeking to implement sustainable procurement practices. By following the standard's guidelines and principles, organizations can contribute to a more sustainable future, reduce their environmental impact, and enhance their overall reputation.