ESG Goals in Procurement
14 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is a benefit of applying codes of practice to support ESG goals in business decision-making processes?

  • It reduces the need for ethical sourcing
  • It guarantees financial success for the organization
  • It increases the risk of corruption
  • It ensures compliance with good governance standards (correct)

    • Why is developing an ethical code of practice important for procurement professionals?

  • It increases their chances of witnessing unethical practices
  • It allows them to bypass ethical considerations
  • It helps them make better sourcing decisions (correct)
  • It establishes their authority within the organization

    • What does it indicate when a supplier publishes its code of ethics?

  • Their focus on financial success
  • Their lack of concern for ESG goals
  • Their commitment to ethical conduct (correct)
  • Their intention to engage in corrupt practices

    • Which level is the code of ethics implemented within a single organization?

    <p>Organizational level</p> Signup and view all the answers

    Which organization provides a comprehensive Code of Conduct for procurement professionals worldwide?

    <p>Chartered Institute of Procurement &amp; Supply (CIPS)</p> Signup and view all the answers

    What is the purpose of developing and implementing an ethical code of conduct?

    <p>To reduce the potential risk of corruption or unethical practices</p> Signup and view all the answers

    What does GlobalTech Inc. do to regain trust and promote ethical conduct?

    <p>All of the above</p> Signup and view all the answers

    Which of the following is a key reason for evaluating suppliers based on adherence to ESG principles in procurement and supply?

    <p>To reduce environmental impact</p> Signup and view all the answers

    What is the main purpose of an ethical code of practice in a business operation?

    <p>To provide assurance for the entire organization</p> Signup and view all the answers

    Why is developing an ethical code of practice important for suppliers?

    <p>To signal commitment to ethical conduct</p> Signup and view all the answers

    Which level of ethical code implementation applies to the Responsible Jewellery Council's code of practices?

    <p>Sector level</p> Signup and view all the answers

    What is one of the key principles outlined in Google's Code of Conduct?

    <p>All of the above</p> Signup and view all the answers

    What is the purpose of implementing ethical codes of conduct at the profession level?

    <p>To guide individuals in making ethical decisions</p> Signup and view all the answers

    What does the commitment to high ethical standards during supplier selection activities help reduce?

    <p>The potential risk of corruption or unethical practices</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser