ESG Goals in Procurement

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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?

Organizational level Signup and view all the answers

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

Chartered Institute of Procurement & Supply (CIPS) Signup and view all the answers

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

To reduce the potential risk of corruption or unethical practices Signup and view all the answers

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

All of the above 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?

To reduce environmental impact Signup and view all the answers

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

To provide assurance for the entire organization Signup and view all the answers

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

To signal commitment to ethical conduct Signup and view all the answers

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

Sector level Signup and view all the answers

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

All of the above Signup and view all the answers

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

To guide individuals in making ethical decisions Signup and view all the answers

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

The potential risk of corruption or unethical practices Signup and view all the answers

ESG Goals in Procurement

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