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Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. [3]
Responsible sourcing refers to compliance with ethical or responsible practices (e.g., no child or forced labor, and availability of decent working conditions). Sustainable sourcing goes beyond compliance to taking action to improve conditions of sustainability, engaging in areas such as livelihoods, climate-smart practices, and other social ...
In the UK, The Co-operative Bank has produced an Ethical Consumerism Report [30] (formerly the Ethical Purchasing Index) since 2001. The report measures the market size and growth of a basket of 'ethical' products and services, and valued UK ethical consumerism at GBP 36.0 billion (~ USD 54.4 billion) in 2008, and GBP47.2 billion (USD72.5 ...
Sustainable procurement or green procurement is a process whereby organizations meet their needs for goods, services, works and utilities in a way that achieves value for money on a life-cycle basis while addressing equity principles for sustainable development, therefore benefiting societies and the environment across time and geographies. [1]
Customers and consumers also demand supply chain responsibility and sustainability as part of a company’s value proposition under a growing ethical consumerism movement. [23] Consumers’ purchasing behaviors reflect this trend as 70% say they are willing to pay a 5% price premium for products produced by more-sustainable means. [24]
Ethical codes are adopted by organizations to assist members in understanding the difference between right and wrong and in applying that understanding to their decisions. An ethical code generally implies documents at three levels: codes of business ethics , codes of conduct for employees, and codes of professional practice.
Gruppi di Acquisto Solidale (G.A.S., Italian for ethical purchasing groups) are an Italian-based system of purchasing goods collectively.These groups are usually set up by a number of consumers who cooperate in order to buy food and other commonly used goods directly from producers or from big retailers at a price that is fair to both parties.
World Poverty and Human Rights: Cosmopolitan Responsibilities and Reforms is a 2002 book by Thomas Pogge.In the book, Pogge explains that the poorest 44% of humankind have 1.3% of global income and their purchasing power per person per day is less than that of $2.15 in the US in 1993; 826 million of them do not have enough to eat. [1]