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Jacques Schramm, chair of ISO/PC 277, the committee that developed the standard, said the risks of not understanding and managing practices throughout the whole supply chain were great. “At best, poor quality products or ruptures of stock can result. At worst, disasters like the Rana Plaza [collapse] in Bangladesh in 2013 can happen. Sustainable procurement helps to minimise risks such as these by encouraging buyers and suppliers to work closely together for a better result for all.”
Via EcoVadis
The ISO 20400 is the first comprehensive global standard relating to sustainable procurement, and as such it is vitally important for any company who wants to maximize its positive social and environmental impacts to be familiar with it.