Sustainable procurement is key to achieving social, environmental, and economic goals.

This blog discusses strategies for adopting sustainable procurement practices in the region, highlighting the $13 trillion opportunity for economic and social development.

Adopting sustainable procurement is a $13 trillion opportunity for Asia and the Pacific to achieve its economic and social goals. This will take leadership from governments and development organizations, including multilateral development banks.

Governments around the world spend more than $13 trillion annually, or 15% of global GDP, on the procurement of goods and services, mostly cement and steel, traditionally carbon-intense materials. This contributes significantly to climate change.

Author: Jenny Yan Yee Chu, Susann Roth, Jeff Taylor

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