Understanding Responsible Purchasing: Economic, Ecological Impact
Responsible purchasing focused on balancing economic, environmental, social and ethical issues is vitally important in the real estate sector. It means choosing sustainable materials, working with ethical suppliers and supporting eco-friendly construction practices.
Incorporating responsible purchasing into the real estate sector has a significant impact on sustainable development:
- Firstly, responsible purchasing promotes the construction of eco-friendly buildings, in line with the circular economy and the construction of low-carbon buildings. For a sector in which buildings account for a significant proportion of greenhouse gas emissions, this is a crucial issue.
- In addition, it ensures compliance with ethical and environmental standards throughout the supply chain, strengthening corporate social responsibility and supply chain traceability.
- Finally, this approach stimulates innovation and research into new building materials and technologies, paving the way for more sustainable and competitive real estate solutions.
In this way, responsible purchasing in the real estate sector is not only an ethical choice, but also a driving force towards a more sustainable and resilient future.
Principles and standards: the responsible purchasing regulatory framework
Responsible purchasing is built around fundamental principles such as sustainability, fairness and transparency.
The creation of a responsible purchasing charter provides a frame of reference to guide internal purchasing teams and involve suppliers in CSR commitments. The charter defines the Company’s expectations with regard to its suppliers, as well as its own commitments towards them.
Sustainability means selecting goods and services that minimise environmental impact and preserve natural resources.
Fairness means ensuring respect for human rights and fair working conditions throughout the supply chain.
Transparency requires open and honest communication about purchasing practices in order to build stakeholder trust. These principles are essential for ensuring that purchasing practices are aligned with sustainable development objectives.
In addition to the issues mentioned above, responsible purchasing policy is designed to enable it to meet a wide range of requirements, including those identified through the mapping of purchasing-related risks, those arising from CSR reporting frameworks such as the CSRD (EU Corporate Sustainability Reporting Directive) and those linked to rating agencies.
