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Sustainable Sourcing Definition

oboloo Glossary

Sustainable Sourcing Definition

Sustainable sourcing is a process of procuring goods and services in an ethical and responsible manner. It encompasses the principles of social responsibility and responsible business practices, with the aim of preserving natural resources for future generations. The key goals of this practice are to include environmental, economic and social considerations when selecting suppliers and making procurement decisions. This includes evaluating vendors on criteria such as labor rights, environmental impact, product sourcing and supply chain transparency before deciding which supplier to work with. In short, sustainable sourcing is about building trusting partnerships between buyers and suppliers that promote respect for people and planet.

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