Glossary Ethical Sourcing
Ethical sourcing, also often referred to as responsible sourcing, is a process that ensures the products being sourced are obtained in a responsible and sustainable way, that the workers involved in making them are safe and treated fairly and that environmental and social impacts are taken into consideration during the sourcing process.
These are the key principles involved in ethical sourcing:
Implementing ethical sourcing practices not only has the potential to improve a company’s reputation but can also help to reduce risk in the supply chain, increase efficiency and ensure compliance with international standards and laws. Consumers are becoming more conscious about their purchasing decisions and are often willing to support businesses that demonstrate commitment to ethical sourcing.
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