ISO 20400, launched in 2017, is the world’s first international standard for sustainable procurement. It provides guidance for organizations to:
•Manage supplier relations: Ensuring ethical and sustainable practices in the supply chain.
•Reduce environmental impact: Promoting eco-friendly purchasing decisions.
•Tackle human rights issues: Addressing social responsibilities like fair labor practices.
The CIPS L3M6 module recognizes ISO 20400 as a comprehensive framework integrating all these aspects into procurement strategies.
[Reference: CIPS L3M6 Study Guide, Section on ISO 20400 and Sustainable Procurement., ________________________________________]
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