In today’s rapidly evolving procurement landscape, ethical and sustainable practices are more crucial than ever. Recently, Kim Russell our Head of Procurement Transformation, wrote a piece for CPOstrategy highlighting the importance of implementing robust supplier codes of conduct to ensure responsible sourcing and sustainability.
These were the key points we took away from Kim’s article:
Ethical Standards: Establishing clear ethical guidelines helps maintain integrity and transparency throughout the supply chain. This includes fair labor practices, anti-corruption measures, and respect for human rights.
Sustainability Goals: Integrating sustainability into procurement processes is essential for long-term success. This involves reducing environmental impact, promoting resource efficiency, and supporting eco-friendly initiatives.
Supplier Collaboration: Building strong relationships with suppliers is key to achieving ethical and sustainable goals. Regular communication and collaboration ensure that suppliers adhere to the established codes of conduct.
Continuous Improvement: Regularly reviewing and updating supplier codes of conduct is necessary to adapt to changing regulations and industry standards. This proactive approach helps organisations stay ahead in the competitive market.
For a more detailed exploration of these topics, visit the full article on CPOstrategy here.
