Ethical Procurement Practices

Ethical procurement practices involve purchasing goods and services in a way that is fair, honest, and responsible. This means selecting suppliers who follow labor laws, respect human rights, and protect the environment. It also includes avoiding corruption, ensuring transparency in decisions, and promoting fair competition. By doing so, organizations support sustainable development, build trust with stakeholders, and avoid harm caused by unethical practices. In essence, ethical procurement aligns purchasing choices with moral values, ensuring that the supply chain contributes positively to society and minimizes negative impacts.