Ethical Sourcing Compliance
Ensuring that all suppliers adhere to ethical standards, including fair labor practices and sustainable sourcing, often required by regulations or consumer demand.
Implications
Ensuring that a company's sourcing practices adhere to ethical standards, including fair labor, environmental sustainability, and human rights, often monitored through audits, certifications, and supplier agreements.
Example
Example: A clothing retailer conducts regular audits of its suppliers to ensure compliance with ethical sourcing standards, such as no child labor and environmentally friendly practices.
Related Terms
Different from general compliance, which might focus on legal or regulatory requirements, ethical sourcing compliance specifically addresses adherence to ethical standards in the supply chain.
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