Green procurement

Definition

Green procurement refers to the practice of purchasing goods and services that have minimal negative impacts on the environment throughout their life cycle. It involves considering environmental factors such as resource use, pollution generation, and waste management when making purchasing decisions.

Related terms

Sustainable development:

Sustainable development refers to meeting present needs without compromising the ability of future generations to meet their own needs. It involves balancing economic growth with social equity and environmental protection.

Eco-labeling: Eco-labeling is a voluntary labeling system that identifies products or services with reduced environmental impacts compared to similar alternatives. It helps consumers make informed choices by providing information about a product's environmental performance.

Life cycle costing (LCC): LCC is an economic assessment method that considers all costs associated with a product or service over its entire life cycle, including acquisition, operation, maintenance, and disposal costs. It helps evaluate the long-term financial implications of different options based on their environmental impacts.