Summary

This policy seeks to provide a framework within which all procurement activity across Rocket-X will result in enhanced sustainability outcomes.

Sustainable procurement is defined as ‘a process whereby organisations meet their needs for goods, services, works and utilities in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the organisation, but also to society and the economy, whilst minimising damage to the environment’.

This definition is based on three pillars of sustainability: environmental, social and economic. The health of each pillar depends on that of the other two, meaning that all three must be considered in unison to achieve sustainable outcomes.

• Environmental: Seeking to minimise any negative environmental impacts of goods and services purchased, focusing on minimising resource consumption, reducing waste, and mitigating pollution.
• Social: Managing and monitoring supply chains to ensure fair working practices, promoting diversity and inclusion, and supporting local communities.
• Economic: Choosing products and services that offer value for money, considering the total cost of ownership and long-term benefits.

Our Vision

Our vision for sustainable procurement is to make continuous improvements to the sustainability of outcomes of our procurement and other commercial activity for both new and ongoing contracts by:

Where practicable, favouring products with a lower environmental impact and avoiding products which contain substances harmful to the environment.

Collaborating with suppliers to improve their sustainability performance and ensure compliance with policies.

Using local suppliers where practicable.

Measuring and reporting on sustainability performance by establishing KPIs to track progress and report on sustainability outcomes.

This policy will be continually monitored and reviewed annually, considering the total cost of ownership and long-term benefits.