Glossary Ethical Trade
Ethical trade refers to the practice where companies take into account the labor and human rights, environmental impact and the socioeconomic implications of their business activities, particularly within their supply chains. It focuses on improving the working conditions and treatment of workers involved in the production of goods and services, aiming to ensure that they are made under fair, safe and equitable conditions. Key principles of ethical trade include:
Ethical trade is implemented through various means, such as setting up and enforcing codes of conduct for suppliers, regular auditing of supplier practices and collaboration with NGOs, trade unions and other stakeholders to improve working conditions and practices. Many companies join ethical trade initiatives or networks that help them to collaborate and learn from each other, share best practices and jointly address common challenges.
A purpose-driven provider of Global Business Services solutions that advances sustainable business and operational practices by transforming risk into positive impact and value.
Error: Contact form not found.
Do you have a solution that would make a good addition to the ADEC Enterprise Marketplace? Fill out the form below and we will be in touch within the next 1-2 business days.
Do you have a solution that would make a good addition to the ADEC Enterprise Marketplace? Fill out the form below and we will be in touch within the next 1-2 business days.