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DocuSign Envelope ID: 67374076647D47C8AB22AFB0E8EF9B9ESustainable Sourcing Policy Thirdparty brand and retail partners EFFECTIVE FROM: March 1, 2023 VERSION: 1.0 RESPONSIBLE DEPARTMENT: Buying and

How to fill out sustainable sourcing policy

How to fill out sustainable sourcing policy

1. Start by defining your organization's sustainability goals and objectives.
2. Conduct a thorough analysis of your current sourcing practices to identify areas for improvement.
3. Engage with key stakeholders, including suppliers, to gather input and support for the new policy.
4. Develop clear and measurable criteria for sustainable sourcing, such as environmental impact, social responsibility, and ethical practices.
5. Implement the policy by integrating sustainable sourcing requirements into procurement processes and contracts.
6. Monitor and evaluate the effectiveness of the policy regularly, making adjustments as needed to drive continuous improvement.

Who needs sustainable sourcing policy?

1. Any organization that wants to reduce its environmental footprint and promote ethical business practices.
2. Companies in industries with significant supply chain impacts, such as food, fashion, and manufacturing.
3. Businesses looking to enhance their reputation and appeal to environmentally conscious consumers.

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What is sustainable sourcing policy?

A sustainable sourcing policy outlines the commitments and guidelines an organization follows to ensure that the products and services it purchases are produced in an environmentally and socially responsible manner.

Who is required to file sustainable sourcing policy?

Organizations that meet specific criteria regarding size, revenue, or industry type are typically required to file a sustainable sourcing policy, particularly if they are publicly traded or operate in regulated sectors.

How to fill out sustainable sourcing policy?

To fill out a sustainable sourcing policy, organizations should provide detailed information regarding their sourcing practices, supplier assessments, compliance with sustainability standards, and commitment to continuous improvement in sustainability efforts.

What is the purpose of sustainable sourcing policy?

The purpose of a sustainable sourcing policy is to promote responsible procurement practices, reduce environmental impact, support ethical labor practices, and ensure transparency in supply chains.

What information must be reported on sustainable sourcing policy?

Information that must be reported typically includes the organization’s sourcing principles, supplier evaluation criteria, compliance measures, progress on sustainability goals, and any identified risks in the supply chain.