Glossary Sustainable Sourcing
Sustainable sourcing, also known as responsible sourcing, is a procurement process that prioritizes environmental, social and economic factors when selecting suppliers and products. It involves choosing products and services that are produced and delivered in a way that respects environmental limits and social equity. Here are some key principles involved in sustainable sourcing:
By adopting sustainable sourcing practices, companies can reduce their environmental impact, improve their social responsibility and enhance their reputation. This can help them to meet the growing demand from consumers for sustainably sourced products, comply with regulatory requirements and manage risks in their supply chain.
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