Page 166 - GHES-3-3

Global Health Economics and
Sustainability
Sustainable procurement in healthcare to address value chain

Figure 12. Perception of participants towards sustainable procurement practices
Abbreviation: ESG: Environment, social and governance.

human well-being, including fair labor practices, (x) Competitive advantage: It is essential to demonstrate
human rights, and community health commitment to sustainability to stand out against
(iii) Reduced environmental impact: Minimizing waste, other healthcare providers
conserving resources, and reducing pollution are (xi) Public policies: It may be beneficial to align with
crucial for the long-term health of the planet and its government objectives for promoting competitiveness,
populations supporting small and medium enterprises, and
(iv) Improved patient safety: Sourcing safe and reliable encouraging social inclusion
products and ensuring ethical marketing practices (xii) Risk management: This encompasses mitigating risks
protect patients’ well-being toward brand reputation, market share, and legal
(v) Enhanced reputation: Demonstrating commitment liabilities associated with unsustainable practices
to sustainability builds trust with patients, the (xiii) Security of supply chains: Ensuring reliable access to
community, and stakeholders essential medical supplies and avoiding disruptions
(vi) Cost savings: Efficiency gains through reduced due to ethical or environmental issues in the supply
resource use and waste can lower operational costs chain is essential to sustainable procurement
(vii) Innovation: Sustainable procurement can drive implementation
innovation in medical technology and healthcare delivery (xiv) Investor confidence: Long-term sustainable
(viii) Compliance: Meeting legal and regulatory procurement depends on attracting investment and
requirements related to environmental protection and improving ratings from agencies by demonstrating
social responsibility is a pre requisite under sustainable strong sustainability performance
procurement. This includes increasing government (xv) Employee morale: Promoting decent work, fair labor
mandates for sustainable practices such as waste practices, and a commitment to sustainability can
reduction, supplier diversity, and ethical sourcing improve employee motivation and retention
(ix) Stakeholder pressure: Responding to growing (xvi) Supplier relationships: Strengthening relationships
demands from patients, investors, and the public with suppliers who share a commitment to
for ethical and sustainable practices can enhance sustainability can lead to greater collaboration and
sustainable procurement implementation innovation

Volume 3 Issue 3 (2025) 158 https://doi.org/10.36922/ghes.5663