The Economics of Sustainable Procurement
by Dr Paul Joesbury
“Sustainable procurement” is one of those concepts that most people intuitively agree is a good thing, but once you dig deeper there still some debate over what sustainable procurement is. Some researchers define sustainable procurement as the pursuit of sustainable objectives through the purchasing and supply process, whilst others expand on this to take into account economic, environmental and social impacts of procurement activities. There is also limited research into the economic consequences of sustainability initiatives or how they may be accounted for by an organisation. A recent paper by Professor Kim Sundtoft Hald and colleagues from Copenhagen Business School (Hald, K.S., et al. 2020) develop and apply a framework designed to identify and measure the risk-related cost trade-offs inherent in initiatives designed to improve sustainability in procurement.
Below is a link to the full translation of this paper which summarizes research findings as part of a series of academic "Translation" documents created between Emerald Publishing and the Procurement Doctor, that aims to promote the linking of academia and practice. For additional information please contact emerald publishing on www.emeraldpublishing.com or the procurement doctor on www.procurementdoctor.com.
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