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Ble sourcing program, called Buy Smart. The objective is to provide an overview of the program, its history, benefits and impacts and lessons learned. It is written for future Games organizers and bid cities, current and future Games sponsors and partners and the purchasing community at large. The Buy Smart Program was created in 2006 and evolved yearly, becoming fully implemented by 2009. When it was created, sustainable purchasing and ethical sourcing was in its infancy; there was little previ.
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Bc FAQ
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Sustainable procurement takes into consideration and responsibility for the economic, environmental, social and governance impacts of any purchase – products or services. These four factors are referred to as the quadruple bottom line and relate to a total purchase cost, and not just the upfront dollar expense.
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The three primary benefits of sustainable sourcing practices are to manage risks, reduce costs and increase revenue. Each driver has different elements to it that motivate the business: Manage Risks: Brand protection, supply chain disruptions, fines and litigations.
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It aims for the lowest environmental impact possible and the most positive social results. Within procurement and supply chain, sustainability can be defined as the process of making decisions that benefit not only the organization but society as a whole, while minimizing its impact on the environment.
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Sustainable sourcing opportunities include: Purchasing renewable energy (PPAs, etc.) Procuring energy efficiency technology and services, and encouraging, advocating, or even financing them at leased and third-party sites. Purchasing and sourcing other organizations' waste and byproducts as raw material inputs.
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There are four fundamental elements to sustainable procurement: environmental assessment, social responsibility, fair trade, and indigenous peoples' rights. Environmental Assessment: Before a company can procure any goods or services, it must first carry out an environmental assessment.
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Defining sustainable procurement From a buyer's perspective, sustainable procurement primarily consists of balancing three essential concepts: Environment: eco-friendly concerns, energy performance, waste reduction, product lifespan, protection of resources, etc.
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What is Sustainable Sourcing? Sustainable sourcing is the integration of social, ethical and environmental performance factors into the process of selecting suppliers. Sustainable sourcing is critical across all industries.
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There are three main pillars of sustainable procurement: environmental protection, social responsibility, and economic prosperity.
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