Sustainable Innovation: Key to Business Development
A procurement policy based on the concept of sustainable purchasing promotes the satisfaction of companies' consumption needs while considering the environmental, social, and economic aspects associated with such purchases.
Pablo H. Plá, CEO of San Miguel
Published on March 22, 2024, in Infobae
Accelerated climate action requires companies committed to the climate. While we see significant advances in the area of Sustainability in companies, in many cases, funding is still insufficient, and investment in new actions and strategies needs to be promoted.
In this sense, sustainable innovation or eco-innovation involves incorporating sustainability into the life cycle of products and services across sectorial chains, serving as a tool for improving competitiveness and environmental performance in organizational production and service activities.
In order to promote changes in social practices, and in line with Goal 12 of the 2030 agenda, sustainable consumption and production are directed towards efficient resource use, energy efficiency, the development of sustainable infrastructure, and facilitating access to basic services.
Environmentally friendly production and consumption.
A procurement policy based on the concept of sustainable purchasing promotes the satisfaction of a company's consumption needs while considering the environmental, social, and economic aspects associated with such purchases. Thus, through the company's supply chain, innovation in the purchase of environmentally friendly goods and services is promoted within the value chain of the sector.
In this sense, the concept of green purchasing incorporates the idea of satisfying the company's purchasing needs. Having a Network of Strategic Associated Producers allows mitigating environmental impact and promoting business sustainability across the entire organization. It is essential that our suppliers comply with current environmental regulations or have green seals or labels.
When it comes to product creation, we must think about sustainable production (SP), which minimizes the use of natural resources, the generation of toxic materials, waste, and pollutant emissions without jeopardizing the needs of future generations.
For this production model to be efficient, it is necessary to apply an environmental management strategy that integrates preventive approaches and efficient resource management, which will reduce health risks, environmental impacts, ensure compliance with legal regulations, and increase the competitiveness of business activities.
International experience shows that these strategies have improved resource efficiency (water, energy, and raw materials) by achieving significant cost reductions, as well as productivity and competitiveness advantages for companies.
