The Strategic Role of Circular Procurement
From goods as simple as office supplies to services as complex as energy systems – everything has to go through procurement. For the private sector, a company’s commitment to procure in sustainable and circular ways can generate added value at multiple levels: better risk management, more efficiency, long-term cooperation with suppliers, and collaborative development of innovative solutions.
On the other hand, the public sector and its high demand could turn procurement into a strategic tool for promoting more sustainability and supporting circular economy systems. This means, for instance, shaping public tendering in ways that ensure the lowest footprint with the highest positive social and environmental impact through circular procurement.
Recognising public authorities as major buyers, the European Commission has put Green Public Procurement (GPP) high on the political agenda. Green Public Procurement is not only closely tied to key EU Green Deal targets, but also to the indispensable principle of a just and inclusive transition to the Circular Economy.
It is all about:
- Developing circular procurement processes
- Finding solutions at all levels
- Tapping into the strategic power of circular procurement
Integrating circularity criteria and principles into procurement turns the latter into a powerful mechanism not only to optimise investments, but also to reach multiple other goals:
- reduce dependencies and become more resilient,
- meet regulatory demands, and
- increase the positive social and environmental impact.
The CSCP supports private and public organisations in leading more circular and sustainable procurement processes and supply chains at all levels:
- facilitating collaborations (system level),
- developing and implementing strategies and new circular business models (process level), and
- assessing products and product portfolios (product level).
Together with its stakeholders, the CSCP is also keen on going beyond and leveraging other assets, such as blockchain, artificial intelligence or the internet of things, to ensure transparency, increase resource efficiency, and improve the interaction between different productions units – all in favour of smooth and efficient circular procurement processes.
Do you share this vision? Contact the CSCP and turn procurement into a strategic tool for circularity!
For further information, please contact Cristina Fedato.