ESG Goals in Procurement

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14 Questions

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

It ensures compliance with good governance standards

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

It helps them make better sourcing decisions

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

Their commitment to ethical conduct

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

Organizational level

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

Chartered Institute of Procurement & Supply (CIPS)

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

To reduce the potential risk of corruption or unethical practices

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

All of the above

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

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

To provide assurance for the entire organization

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

To signal commitment to ethical conduct

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

Sector level

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

All of the above

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

To guide individuals in making ethical decisions

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

The potential risk of corruption or unethical practices

Test your knowledge on the application of codes of practice to support ESG goals in procurement and supply. Assess your understanding of evaluating suppliers based on environmental impact, social responsibility, and good governance principles.

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