Attending The Ethical Sourcing Forum

Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.

Walmart claims that its mission is centered on helping people live better which not only applies to customers and associates, but also to the workers who make their products. Furthermore, all the products that Walmart offers to its customers are supposedly verified whether they are produced with dignity and respect for workers. In order to be accepted as Walmart’s supplier there are standards and obligations expected from suppliers. Following section examines closely what are the key standards that according to Walmart prevail within its global supply chain (Walmart, 2012).

People: The emergence of the triple bottom line has led to companies becoming more aware of how their decisions affect not only employees and customers but those within the community they operate in. To achieve this in an ever changing global world a company needs to create policies and guidelines on how to select suppliers and evaluate performance.

4.3. Environmental impact minimization Telstra frequently engaging with suppliers and monitors with its supply chain by introducing a Supplier Code of Conduct to create standards between Telstra and its suppliers. These standards also applied in other areas. Telstra developed a sustainability risk evaluation framework to assess supplier’s compliance with Code of Conduct in

Cooperated with partners and leaders in the field of supply chains and transport, the World Economic Forum’s Global Agenda Council on the Future of Logistics and Transportation started to conduct research on the supply chain. The report “Beyond Supply Chains Empowering Responsible Value Chains” analyses the impact that supply chain practices has brought to business, society and environment, and explores the issue how shared value can be made through better supply chain decisions. The report identifies “a set of 31 proven supply chain practices which provide companies with a blueprint of where they can gain both commercial and socio-environmental advantage (both environment and local economic development)—driving a triple advantage” (). In addition, the report “provides a framework for evaluating the potential value at stake behind each of these practices, and an implementation framework for

Sustainable Supply Chain – working with and influencing suppliers to manage and reduce the environmental and social impacts of their operations and of the products and services they provide to Telstra.

Ensure that business partners, including vendors and third-party producers, work in line with our quality standards.

However, in Global Supply Chain Management, there is also a need to protect the environment, although for more selfish reasons. Businesses need to be environmentally friendly because people around the world are catching onto the fad of “going green” and want products and companies that boast that. By having sustainable product development and sustainable transportation methods, business are both protecting the environment and attracting more consumers. This is an interesting point because one would not think that a book about best business practices would attract a business towards being more environmentally friendly, but the book is clear that that is what is

2. Supplier Relations: “We encourage our suppliers to operate in ways that promote beneficial social and environmental outcomes. For our part, we pledge to treat our suppliers with respect, provide development opportunities and work as long-term partners. 3. Supplier Diversity: “As an equal opportunity employer, we require companies with which we conduct business to share this commitment (Bank of America,

It is 2017. In an era of globalisation with a worldwide population totalling over 7 billion, colossal multinational companies have become entrenched in prevailing society, with their daily operations impacting the lives of millions of people. This has made the role of ethics and ethical business practice crucial to the goals of sustainable development and the preservation of social order. The ExxonMobil climate change controversy will examine a case where complex ethical decisions were made, with the potential for staggering ramifications on a global scale. This case study highlights the vital importance of stringent adherence to business ethics by transitional businesses but also the ambiguity that comes with ethical interpretation.

being more sustainable and profitable are present at each stage of supply chain, including material

The company requires a minimum ranking of 2C for a supplier to maintain its active status. To ensure that suppliers comply with the SOE, an internal monitoring program was initiated and SOE audits of suppliers around the world were conducted by regionally located. Suppliers are being evaluated for compliance with the SOE and action plans developed with individual suppliers to improve conditions has teamed up with Business for Social Responsibility, a non-profit organization which promotes corporate citizenship, to train monitors and suppliers' representatives. In addition, a manual on health, safety and environmental issues has been developed which will help to make the SOE effective in

It focuses on the development of supply chains that have minimal footprint on the environment. Buyers have the responsibility of choosing suppliers that conduct environmental ethics and are environmentally conscious. (C Sisco, 2010)

In recent years, governments have implemented legislations that oblige companies to provide information on how they are being socially responsible. According to the UK Corporate Governance Code the board should set the company’s values and standards and ensure that its obligations to its shareholders and others are understood and met (Financial Reporting

Respecting the extended network of partners and suppliers by challenging them and also helping them to improve