and supplier codes of conduct are crucial for responsible supply chain management. Companies must consider the social, environmental, and economic impacts of their procurement decisions, ensuring fair compensation and sustainable practices throughout their supply chains.
Implementing these principles involves developing comprehensive supplier codes, conducting , and performing . By prioritizing ethical standards and sustainability, businesses can create positive impacts while managing risks in their supply chains.
Ethical Sourcing Principles
Defining Ethical Sourcing and Fair Trade
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Top images from around the web for Defining Ethical Sourcing and Fair Trade
World Fair Trade Organisation - WikiCorporates View original
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An update on the University’s fair trade journey – Social Responsibility and Sustainability View original
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Working with Smallholders : A Handbook for Firms Building Sustainable Supply Chains View original
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World Fair Trade Organisation - WikiCorporates View original
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An update on the University’s fair trade journey – Social Responsibility and Sustainability View original
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1 of 3
Ethical sourcing involves obtaining goods and services in a responsible and sustainable manner
Considers social, environmental, and economic impacts of procurement decisions
ensures producers in developing countries receive fair compensation for their goods
Supports improved working conditions and sustainable practices in supply chains
Includes certification programs verifying products meet specific ethical standards (Fair Trade Certified)
Sustainable Procurement Strategies
integrates environmental and social considerations into purchasing decisions
Aims to reduce negative impacts and maximize positive outcomes throughout the supply chain