oboloo Glossary

What Does Sustainable Sourcing Mean

oboloo Glossary

What Does Sustainable Sourcing Mean

Sustainable sourcing is a procurement practice that seeks to protect the planet by ensuring that businesses only procure goods, services and raw materials from vendors whose practices are socially responsible, ethically sound and have minimal impact on the environment. Sustainability in sourcing also includes taking measures to reduce any negative environmental and/or social impacts caused by these businesses’ operations, such as reducing pollution, protecting workers’ rights, eliminating exploitative labor practices, and conserving natural resources. By transitioning to sustainable sourcing, companies can make considerable progress towards protecting our planet for future generations.