Ethical Sourcing

Title

Ethical Sourcing

Creator

Agrawal, Devika; Kumar, Amit; Kumar, Kishore

Description

In an era where sustainable development is a celebrated concept, the notion of ethical sourcing has been explored comprehensively as companies are making a conscious and sustainable effort to gauge their supply chains and examine the sources of procurement of their material and services. This chapter delves deeper into the importance of ethical sourcing, focusing on its benefits and fundamental needs. It also talks about why ethical sourcing is an essential concept in corporate realms, drawing a distinction between sustainable and ethical sourcing. Today, ethical sourcing can be an important tool in the hands of corporations to draw a competitive edge and there would be serious repercussions of indulging in unethical practices. Further, it discusses key principles that act as a beacon of light for sourcing the material ethically, the three levels of ethical sourcing, and how technology can be leveraged to ensure the same. It is crucial to have partnerships and collaborations for sustainable procurement along with robust mechanisms to measure the impact of ethical sourcing. 2026 Elsevier Inc. All rights are reserved, including those for text and data mining, AI training, and similar technologies.

Source

International Encyclopedia of Business Management;pp.Vol1:774-Vol1:778

Date

01-01-2025

Publisher

Elsevier

Subject

Business ethics; Collaborative partnerships; Ethical considerations; Ethical sourcing; Impact assessment; Labor relations; Regulatory compliance; Responsible consumption; Responsible procurement; SDGs; Suppliers assessment; Sustainable development; Sustainable supply chain management

Coverage

Agrawal D., Institute of Business Management, GLA University, Mathura, India; Kumar A., CHRIST (Deemed to be University) NCR Campus, Ghaziabad, India; Kumar K., School of Management, Bennett University, Greater Noida, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 978-044313701-3; 978-044313702-0;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1016/B978-0-443-13701-3.00016-5

https://www.scopus.com/pages/publications/105029608468?origin=resultslist