51. Sustainable Procurement: A Net Zero Strategy

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In this conversation, Stephanie McLarty and Bob Willard delve into the concept of sustainable procurement, exploring its definition, importance, and implementation strategies. Bob shares his extensive experience in sustainability and emphasizes the need for organizations to engage suppliers in their sustainability goals. The discussion covers various aspects of sustainable procurement, including the significance of circularity, the tools available for implementation, and the innovative 'signal, prefer, require' framework. Bob also provides practical advice for organizations looking to adopt sustainable practices, highlighting the interconnectedness of sustainability and business success.

Takeaways

• Sustainable procurement is about getting best value for money.
• Companies must engage suppliers to meet sustainability goals.
• Sustainable procurement can lead to cost savings.
• Tools and resources are available to aid sustainable procurement.
• Circularity is essential for reducing carbon footprints.
• Meeting organizational priorities is key to promoting sustainability.
• Sustainability initiatives can enhance business resilience.
• Connecting sustainability to existing goals is crucial for success.

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