The United Nations Global Compact has launched the Coalition for Sustainable Procurement, a global alliance designed to embed sustainability into procurement and supply chains across industries. The coalition, unveiled during the UN High-Level General Assembly Week 2025 in New York, brings together procurement leaders, government officials, and private-sector experts to harness purchasing power as a tool for climate action, nature protection, decent work, and resilient growth.
As the only banking institution among its founding members, BBVA joins companies such as Altus Power, Schneider Electric, KPMG, S&P Global and ReNew in shaping the coalition’s agenda. Together, they will develop shared tools and guidelines to assess the social and environmental impact of procurement, foster public–private partnerships, and implement initiatives to make sustainable procurement a global market standard.
The coalition has published its first report, Procurement: A Catalyst for Sustainable Growth and Resilience, which highlights key trends, current gaps, and practical tools to accelerate change. Looking forward, it will prioritise three areas: building public–private partnerships to inform policy, producing guidance and tools to balance ESG impacts alongside cost and quality, and turning dialogue into concrete action to scale sustainable procurement.
Francisco Lucas, ESG Senior Manager of Global Procurement at BBVA, said the alliance would enable the bank to further innovate in procurement sustainability and establish itself as a leader in the space.
The coalition’s work complements ongoing initiatives such as the UN Global Compact Sustainable Suppliers training programme, which BBVA supports. In 2025, 466 SMEs from 13 countries are participating in the course—an 11 per cent increase from the previous year—equipping businesses to integrate ESG standards and move towards inclusive growth.
The launch of the coalition underscores a growing recognition that procurement, a traditionally cost-driven function, can be transformed into a strategic lever for advancing the global sustainability agenda.
