Sustainable Procurement 101

Sustainable Procurement 101

Category: Logistics & Supply Chain, ESG

Description

SUSTAINABLE PROCUREMENT 101
Duration: 2 days
Time Schedule
Time: 9:00am to 5:00pm
Lunch Break: 12:30pm to 1:30pm

INTRODUCTION

In today's dynamic and conscientious business environment, Sustainable Procurement 101 emerges as a crucial initiative designed to equip participants with the knowledge and expertise necessary to navigate the ever-evolving landscape of procurement practices. This program is crafted to delve deep into the fundamental concepts, frameworks, and essential tools that underpin sustainable procurement. By gaining a comprehensive understanding of these principles, participants will be empowered to integrate sustainability seamlessly into their procurement processes, thereby enabling them to make well-informed decisions that not only advance organizational objectives but also contribute positively to society and the environment.

LEARNING OUTCOMES
By the end of the course, participants will be able to:

Define the principles and concepts of sustainable procurement and supply chain.
Identify the drivers and benefits of sustainable procurement for organizations, society, and the environment.
Assess sustainability performance and risks in procurement processes using various tools and methods.
Prioritize sustainability opportunities and goals to align with organizational objectives and GHG emission targets.
Develop and communicate sustainable procurement strategies and policies to stakeholders.
Integrate sustainability criteria into sourcing decisions for supplier selection.
Engage and develop suppliers on sustainability issues to create a positive impact.
Manage sustainable contracts and relationships while fostering collaboration with suppliers.
Measure and report sustainability impact for internal and external stakeholders.

KEY CONTENTS
Module 1: Introduction to Sustainable Procurement

Concept and principles of sustainable procurement
Drivers and benefits of sustainable procurement for organizations, society, and the environment
Challenges and barriers to implementing sustainable procurement practices
Global frameworks and standards for sustainable procurement (e.g., UN SDGs, ISO 20400)

Module 2: Introduction to GHG Protocol and Scope 1, 2, and 3 Emissions

GHG Protocol and its significance
Scope 1, 2, and 3 emissions in procurement
Standards and guidance for accounting and reporting emissions

Module 3: Assessing Sustainability Performance and Risks

Dimensions and indicators of sustainability performance and risks
Tools for sustainability assessment (life cycle assessment, carbon footprint, social audits)
Case studies of sustainability performance and risk assessment

Module 4: Prioritizing Sustainability Opportunities and Goals

Tools for prioritizing sustainability opportunities and goals
Application to real or simulated scenarios
Presenting and discussing results with peers and facilitators

Module 5: Developing Sustainable Procurement Strategies and Policies

Key elements and steps of developing sustainable procurement strategies and policies
Aligning strategies with organizational vision, mission, values, objectives, and GHG emission targets
Examples of sustainable procurement strategies and policies

Module 6: Integrating Sustainability Criteria into Sourcing Decisions

Types of sustainability criteria and their application in sourcing decisions
Tools and methods for sustainability criteria integration
Practice with real or simulated sourcing scenarios

Module 7: Engaging and Developing Suppliers on Sustainability

Importance and benefits of supplier engagement on sustainability
Supplier segmentation based on sustainability performance and GHG emissions
Designing and implementing supplier engagement and development programs
Monitoring and evaluating outcomes

Module 8: Managing Sustainable Contracts and Relationships

Key elements and steps for managing sustainable contracts and relationships
Incorporating sustainability clauses and requirements into contracts
Managing contract performance and compliance on sustainability issues
Handling contract disputes and grievances related to sustainability
Fostering trust and collaboration with suppliers on sustainability

Module 9: Measuring and Reporting Sustainability Impacts

Importance and benefits of measuring and reporting sustainability impacts
Defining sustainability impact indicators and targets
Collecting, analyzing, and verifying sustainability impact data
Communicating impact results to stakeholders
Tools and methods for sustainability impact measurement and reporting

Module 10: Managing Sustainable Contracts and Relationships

Role of innovation in advancing sustainability in procurement processes
Identifying innovation opportunities for sustainability
Fostering a culture of innovation for sustainability within procurement teams
Tools and methods for supporting innovation in sustainability

TARGET AUDIENCE

BOD, C-suites, and Business owners who are involved in the funding and financing strategy of the organization.
C-suites, managers, and finance personnel involved in managing funds and finances of the listed companies and SMEs impacted by ESG requirements.
Accountants and Managers involved in Sustainability Procurement and Reporting.
Sustainability Personnel

METHODOLOGY

This training program is tailored based on the most current research, industry best practices, and regulatory standards in the field of sustainable finance. To ensure a comprehensive and engaging learning experience, we employ a diverse range of methodologies, including dynamic slide presentations, interactive group discussions, hands-on assignments, real-world case studies, personalized guidance from our experienced trainers, and interactive Q&A sessions. Our approach is designed to not only make this training highly practical but also foster interactivity and enjoyment throughout the learning journey.

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