Products designed with sustainability in mind often demand premium prices, but according to the latest research, sustainable procurement policies actually increase revenue growth and can help suppliers save money. According to the results of the latest EcoVadis/HEC Sustainable Procurement Barometer, fifty percent of sustainable procurement leaders increased their revenue, a thirty-three percent increase over non-leaders. This follows a recent CDP report that revealed how purchasers can save suppliers money by requiring improvements in energy efficiency. Learn more about the reports in an article form Environmental Leader.
Alternatives Assessment is a methodology that can augment sustainable procurement policies. A systematic comparison of the currently used product to available alternatives across a broad set of criteria (including cost, availability, performance, comparative exposure, and hazard) aids procurement specialists in making informed decisions.