Standards That Influence Procurement
It is important for procurement personnel to have knowledge of globally recognized guidelines and certifications. This applies not only to their own organization but also to the selection and evaluation of their supply base.
United Nations Global Impact
The United Nations Global Compact is a voluntary initiative that encourages companies to adopt a set of core values related to human rights, labor standards, the environment, and anti-corruption within their sphere of influence. This initiative was launched in 2000 to help organizations align their strategies and operations with sustainability standards. The United Nations Global Compact promotes the practice of appropriate human rights and labor standards, responsiveness to environmental issues, and the implementation of anti-corruption policies.
UN Global Compact Management Model – A Framework for guiding companies through the process of formally committing to, assessing, defining, implementing, measuring, and communicating the United Nations Global Compact and its principles.
Organizations worldwide are encouraged to collaborate and engage with their suppliers to implement the following 10 principles for developing sustainable supply chain practices. Currently, more than 11,800 corporations across 157 countries have voluntarily participated in this sustainability initiative.
Ten Principles of UN Nations Global Compact