What is Green Public Procurement?
Green public procurement is a process whereby public authorities seek to procure goods, services and works with a reduced environmental impact throughout their life cycle. It also includes procedures where the supplier selection is primarily based on environmental criteria as opposed to other terms and conditions such as price and delivery times.
Green Contracts Detection
TenderAlpha.com has created a proprietary 3-pillar green tender detection methodology to pinpoint the awarding of environmentally-sustainable goods and services or contracts with green clauses in real time and historically (since 2010):
Geography | Methodology for Detecting Green Procurement Contracts | |||||
---|---|---|---|---|---|---|
Data Points | Keywords | Industry Classification Codes by Geography | Legislation | Ecolabelling Programs | Product Regulations by U.S Environmental Agency | Source |
Europe (EU – 28, Switzerland, Norway) | The information is available at EU GPP Criteria | |||||
Others (Australia, Canada, United Kingdom) | Multiple sources per country | |||||
United States | The information is published by the US Environmental Protection Agency |
Categorization of Green Contracts
Renewable Energy
Energy and Resource Efficiency
Reduced Emissions
Recycling and Waste Reduction
Agricultural / Biodiversity / Natural Resources Preservation
Environmental Life-cycle Cost Analysis
International Eco labels / Standards
Green Regulations and Eco Legislature (EU and US only)
Generally Defined as Green Contracts (including environmental education, compliance, public awareness services)
Scope and Contents
Unique database of 4.5 million green public contracts from 2010 totaling USD 220 billion for the period
Green procurement has reached nearly 20% of all public procurement in the covered countries
Developed markets coverage (EU, UK, US, Canada, Australia)
Ticker-mapped data for over 1000 listed companies acting as suppliers of sustainable goods and services
More than 300 000 private companies have been awarded at least one green tender growing by nearly 20% on a yearly basis
Geographical Coverage
A Powerful Source of ESG Analysis
The TenderAlpha green public procurement data feed is the only global green procurement data product specifically designed for investment analysis: