What is a Sustainable Policy

The video tutorial discusses the importance of organizational policies, focusing on sustainability in procurement. It explains procurement policies, emphasizing the integration of social and environmental criteria alongside financial considerations. The tutorial outlines principles of sustainable procurement, including environmental, social, and economic impacts. It provides steps to build sustainable policies, such as setting cost thresholds and creating decision matrices, to ensure long-term benefits and accountability.

How does a procurement policy help maintain financial and ethical standards within an organization?

Describe the importance of incorporating social and environmental criteria in procurement decisions.

What are the main principles of sustainable procurement mentioned in the text?

What factors should be considered when evaluating the lifecycle cost of a product?

What steps can organizations take to ensure sustainability is integrated into their procurement policies?