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- Purchasing with Purpose involves changing the way organizations spend money to help protect the planet and its people1. It recognizes businesses that prioritize social or environmental impact over profit2. This concept extends beyond the products and brands you support to also include financial institutions3. Strategic procurement aligns the entire process with a company’s business goals and mission4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Procurement with purpose is all about how organizations can change the way they spend money to help protect the planet and its people. If we look at where we are in the world, environmental, social and governance (ESG) is a top priority for those companies taking responsibility for what they do.positivepurchasing.com/procurement_with_purpose/
Purchasing with Purpose uses a low-cost global verification system and recognizes all businesses that meet five standards:
- Purpose: They exist to solve a social or environmental problem
www.purchasingwithpurpose.org/Purchasing with purpose doesn't just involve the companies and brands you support. It also involves taking a closer look at the financial institutions you're making those purchases through. Greening your financial assets can greatly reduce your carbon footprint, as most banks choose to invest their money in fossil-fuel-powered industries.brightly.eco/blog/more-consumers-are-shopping-wi…Strategic procurement aligns the entire procurement process with a company’s business goals, overall purpose, and mission. It requires support from the entire company but relies most heavily on the procurement department and, to a lesser extent, on the other financial departments.www.nextprocess.com/procurement-solutions/purc… - People also ask
Purchasing With Purpose | People and Planet First
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