What term describes bringing about positive social change through the sourcing process?

What term describes bringing about positive social change through the sourcing process?

• A. Ethical Sourcing
• B. Corporate Social Responsibility (CSR)
• C. Utilitarianism
• D. Rights and Duties

Answer: (A)

Ethical sourcing places social and environmental considerations directly into procurement decisions. It means choosing suppliers who uphold fair labor practices, provide safe working conditions, pay fair wages, and minimize environmental impact, with governance like transparency and accountability throughout the supply chain. When these standards are built into the sourcing process, purchasing power is used to drive better practices and uplift workers and communities, creating positive social change through how goods and services are sourced. CSR refers to a broader company-wide commitment to social performance, not the specific sourcing action. Utilitarianism is a moral theory about judging actions by overall outcomes, not a term for sourcing practices. Rights and duties is another ethical framework focusing on duties to respect individuals’ rights, rather than describing the sourcing process itself.

Ethical sourcing places social and environmental considerations directly into procurement decisions. It means choosing suppliers who uphold fair labor practices, provide safe working conditions, pay fair wages, and minimize environmental impact, with governance like transparency and accountability throughout the supply chain. When these standards are built into the sourcing process, purchasing power is used to drive better practices and uplift workers and communities, creating positive social change through how goods and services are sourced.

CSR refers to a broader company-wide commitment to social performance, not the specific sourcing action. Utilitarianism is a moral theory about judging actions by overall outcomes, not a term for sourcing practices. Rights and duties is another ethical framework focusing on duties to respect individuals’ rights, rather than describing the sourcing process itself.