US Sustainable Products and Services procurement rule
Goal of net-zero emissions from Federal procurement by 2050
2023-08-05
Published by investESG
The Biden-Harris administration has proposed a Sustainable Products and Services procurement rule to help achieve its goal of net-zero emissions from Federal procurement by 2050 by modernizing existing sustainable purchasing standards and requiring government agencies “to procure sustainable products and services to the maximum extent practicable”.
The proposed rule is open for comment until 2 October 2023. While these proposals focus on environmental characteristics of products, they remain an effective mechanism to drive corporate behaviour change.
Case in point, it’s worth noting that the US government is “the world’s single largest purchaser”, purchasing approximately US$665 billion in goods and services annually.
More insights from "investESG"
-
Published by investESG
2024-05-08
Net zero targets are not feasible without a circularity strategy in place | Alessia Falsarone
Q&A with Alessia Falsarone, executive in residence, practitioner faculty at the University of…
-
Published by investESG
2024-05-03
Investor toolkit to provide guidance on AI and human rights risks | RIAA
INSIGHT by the Responsible Investment Association of Australasia (RIAA)…
-
Published by investESG
2024-05-03
ESRS–ISSB Standards Interoperability Guidance released | IFRS
INSIGHT by the IFRS…
Related insights
-
Published by investESG
2024-05-08
Net zero targets are not feasible without a circularity strategy in place | Alessia Falsarone
Q&A with Alessia Falsarone, executive in residence, practitioner faculty at the University of…
-
Published by investESG
2024-01-10
The role of water security in reaching net-zero emissions: energy companies deeply exposed to water risks | CDP
Data released today by the global non-profit, CDP, provides fresh insight into how companies and…
-
Published by investESG
2023-09-28
New AI tool helps financial supervisors and institutions evaluate transition plans | WWF
Last week at the Global Ethical Finance Conference 2023, WWF launched a new tool to help financial…
Related insights
-
Published by Global Reporting Initiative
2024-04-26
Biodiversity Standard now available in more languages
Four new translations of GRI 101: Biodiversity 2024…
-
Published by investESG
2023-09-11
High-resolution data for effective action on supply chain deforestation | Trase
Forests are central to addressing the world’s climate and biodiversity crises. They capture and…
-
Published by NYU Stern Center for Sustainable Business
2023-08-17
Food and Agriculture Sustainability Strategies Framework
Return On Sustainability Investment™…