Skip to main content

Sustainability and Ethical Sourcing – Summary

To listen to the summary, click the audio icon on the toolbar.

Consumer awareness about what is occurring along the supply chain has caused the actions of an organization to be examined much more closely; organizations must justify sourcing decisions from an environmental and corporate social responsibility perspective. Incorporating sustainable procurement principles provides numerous benefits: conserving natural resources, reducing carbon footprints, ensuring fair workplace standards within the supply chain, and reducing supply chain disruption. Incorporating the concepts of people, planet and profit ensures that priority is given to all activities, not just financial. Sustainability should be incorporated into multiple procurement decisions, including product design, the selection of suppliers, and the way products are packaged or transported.

Ethical supply chain teams have the responsibility of overseeing and monitoring suppliers and other business partners within their various supply chains. This includes making sure that the behavior of employees adheres to strict ethical guidelines in relationships with suppliers. It also requires that buyers be aware of the impact the products and services being purchased have on the environment, as well as the working conditions of those within the supply chain.

Next Post

Contact Us