Importance of product carbon footprints in sustainable procurement
Abstract
Sustainable procurement is increasingly prioritized alongside cost considerations, as organizations recognize its environmental, social, and economic benefits. By integrating sustainability into purchasing decisions, businesses can reduce their ecological footprint, promote ethical sourcing, and enhance long-term cost efficiency. A key component of sustainable procurement is the use of Product Carbon Footprints (PCFs), which quantify greenhouse gas emissions across a product’s lifecycle. PCFs enable organizations to make data-driven procurement choices, select low-emission suppliers, and comply with evolving regulatory standards. Additionally, procurement maturity models help organizations transition from cost-focused decision-making to strategic sustainability integration. Effective supplier management further enhances sustainability efforts by ensuring adherence to environmental standards like ISO 14067. While challenges such as higher initial costs and supplier resistance persist, leveraging digital tools and AI-driven analytics facilitates carbon footprint reduction across supply chains. This paper highlights sustainable procurement’s role in balancing cost-effectiveness with environmental responsibility, fostering long-term resilience and competitive advantage.
How to Cite This Article
Zaid Thanawala (2024). Importance of product carbon footprints in sustainable procurement . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 5(2), 1012-1016. DOI: https://doi.org/10.54660/.IJMRGE.2024.5.2.1012-1016