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Sustainable Procurement Glossary

Getting you started on CSR, Sustainability and Sustainable Procurement

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  • CSR Activities

    Corporate Social Responsibility (CSR) activities are self-regulated actions that a business can take in order to be more socially accountable to its stakeholders and the public in general.

  • ESG

    Today, ESG ratings are used to evaluate a company based on its environmental, social, and governance practices, to provide transparency for investors, customers, and the industry as a whole

  • Social Responsibility

    Social responsibility in business means that businesses not only work to maximize shareholder value but that they also act in a manner that is beneficial to society.

  • Sustainable Development Goals (SDG)

    The Sustainable Development Goals (SDG) were established in 2015 by the United Nations General Assembly and are a compilation of 17 agreements made by 193 countries to work toward achieving in order to “transform the world by 2030.”

  • Carbon footprint reduction

    The Carbon Footprint is the amount of greenhouse gas emissions created by the activities of an entity, such as a business, organization, or individual.

  • Sustainability Reporting

    Sustainability reporting enables organizations to consider their impacts on a wide range of sustainability issues. This enables them to be more transparent about the risks and opportunities they face.

  • Supplier Evaluation

    A Supplier evaluation refers to the process of evaluating and approving potential suppliers by quantitative and qualitative assessment.

  • Supplier Code Of Conduct

    A supplier code of conduct is created for the purpose of ensuring that a company’s suppliers are working in responsible and environmentally-friendly conditions

  • CSR Assessment

    A CSR assessment is an evaluation of how well a company has integrated the principles of CSR into their business. An assessment program is a first step into an ongoing monitoring process

  • Corporate Social Responsibility

    Corporate social responsibility is an organization’s responsibility for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior

  • Sustainable Sourcing

    Sustainable Sourcing, also called “Responsible sourcing”, is the integration of social, ethical and environmental performance factors into the process of selecting suppliers

  • Sustainable Procurement Guide

    This guide gives you answers to frequently and commonly asked questions on sustainable procurement

  • Sustainable Procurement

    Sustainable procurement is the adoption and integration of Corporate Social Responsibility (CSR) principles – including Environmental and Ethical criteria into your procurement processes

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