A Sustainable Local Economy and Procurement City is productive and socially inclusive. It pursues to improve human well-being and local natural resource use, while reducing future costs, ecological scarcities and environmental risks.
A sustainable local economy improves human well-being and social equity, while significantly reducing environmental risks and natural resource scarcity. A sustainable local economy is resource efficient, low-carbon, socially responsible and diverse. It prioritizes an economy that creates jobs in green-growth industries, investment in cleaner technologies, innovation, skills and entrepreneurship, all of which are needed to create sustainable cities. By undertaking innovative and sustainable procurement, local and regional governments ensure that tax revenue is used responsibly and that public purchasing power brings about major environmental and social benefits locally and globally.