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Responsible Procurement charter

April 25, 2024

A Responsible Procurement Charter outlines a company's commitment to sustainable procurement practices aligned with ESG principles. Key components include addressing environmental management, labor standards, ethical business practices, and supply chain transparency. Integrating ESG criteria involves setting specific requirements for suppliers, evaluating them through regular audits or third-party evaluations, and fostering partnerships for improvement. Practical steps include educating the procurement team, engaging with suppliers, and monitoring/reporting progress. The charter reflects a commitment to ethical practices and drives positive change in the supply chain for a more sustainable global economy.
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