Current AffairsEnvironmnet

Sustainable Public Procurement (SPP)

What is Sustainable Public Procurement (SPP)?

  • SPP is a process by which public authorities seek to achieve the appropriate balance between the three pillars of sustainable development – economic, social and environmental – when procuring goods, services or works at all stages of the project.
  • These three pillars are called Triple Bottom Line.
  • The UN Environment Programme (UNEP) has been active in the promotion of Sustainable Public Procurement at national, regional and global levels since 2005.

Why need SPP?

  • Public procurement spend in India is nearly 15-20% of its GDP.
  • Introducing SPP to this huge quantum of government procurement will further complement the country’s climate policy objectives.
  • This innovation can provide financial savings for government buyers and will meet evolving environmental challenges by moving towards a circular economy.
Tags: Current Affairs, Environmnet

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