Sustainable procurement can save money and conserve natural resources, according to a CDP report published this week.
A new partnership between Underwriters Laboratories and Greenhealth Exchange aims to help health care companies realize these financial and EHS benefits by sourcing safer and healthier products and services.
UL, a safety consulting and certification company, and Greenhealth Exchange (GX), a purchasing cooperative, say the single repository of data for health care providers and suppliers that they will develop will be a “first of its kind in health care.”
As part of the agreement, UL will license PurView, a platform allowing the development of proprietary evaluative frameworks for sustainability assessments. GX will use this platform to benefit its list of health system owners and members.
“Suppliers who collaborate with us will find that they generally get more information back from our exchange then they are required to submit,” said John Strong, president of Greenhealth Management, in a statement.
GX expects to announce its first sustainable contracts in November.
The partnership comes as the health care industry is increasingly realizing financial benefits of improved environmental management. The industry stands stands to save up to $15 billion over 10 years by adopting more sustainable practices, such as reduced energy use and waste, according to the University of Chicago-Illinois.
On a smaller scale, a circular economy partnership between Johnson & Johnson subsidiary Ethicon, which manufacturers surgical devices, and Intermountain Healthcare saved the health care company about $250,000 on medical devices, or 22 percent on total spending of $1.1 million, in 2015. It also diverted 59,964 pounds of waste from landfills, avoiding 35,978.4 pounds of CO2 emissions.