The social and environmental impact of our decisions is an essential consideration of the OCS procurement policy, Steve Caddell told listeners to a sustainability webinar last week.
The Procurement Director spoke about the Blue Planet effect and our Think Plastic campaign during the discussion panel, which was hosted by Reconomy and letsrecycle.com.
Steve was joined by Hubbub Founder Gavin Ellis and Diane Crowe, Head of Sustainability and Social Value at Reconomy, for the webinar on 'The impact of changing consumer behaviour and the importance of effective engagement'
Steve told listeners that Procurement was 'a logic-driven function' and 'sometimes, doing the right thing environmentally can have a large initial cost'. He said: "It's seen a shift in the way we make decisions; what we tend to look at now is total acquisition costs and we consider the long-term impact. Because we are privately-owned, we can think longer term."
Diane said that reducing their environmental impact could give companies a competitive advantage as stakeholders look for businesses to play their part. She said: "This is more than about cost: this is about the value to the business."
One of actions that our business has taken is to create a new Procurement policy, which looks at the long-term commercial implications of decisions and their environmental impact.
The policy, which is currently being rolled out across the business, has 16 criteria, including three relating to the long-term social and ecological impact, the carbon impact and Fairtrade. Steve said: "This isn't about payback: this is about doing the right thing."
A recording of the webinar is available here.