Sustainable procurement refers to an approach that focuses on minimizing environmental, social and economic impacts in the supply chain management of businesses. This approach aims to both protect natural resources and increase social welfare.

Sustainable procurement can include a variety of elements:

1. Mitigating Environmental Impacts: Businesses develop various strategies to reduce the impact of resources (e.g. energy, water, raw materials) used in supply chain processes. This can include practices such as energy efficiency improvement, waste management and recycling programs.
2. Social Responsibility and Human Rights: Sustainable procurement also encompasses areas of social responsibility such as the safety, health and labor rights of employees along the supply chain. Businesses work on fair labor practices and compliance with workplace safety standards.
3. Economic Sustainability: Businesses strengthen their relationships with suppliers, fostering long-term collaborations. Steps such as fair trade practices and transparency in supply chain management play an important role in economic sustainability.
4. Supplier Evaluation and Certification: Sustainable procurement practices include processes that assess and certify suppliers' compliance with sustainability criteria. This helps to mainstream sustainability standards within the supply chain.

Sustainable procurement enables businesses to create long-term value and align with societal expectations by reducing environmental and social impacts. It can also offer businesses a strategic advantage by increasing customer loyalty and providing competitive advantage.