Implement a Supplier Code of Conduct - BASIC

Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Creating and implementing a supplier code of conduct is the first step to take for a sustainable supply chain.

Establishing a supplier code of conduct presents a chance for your company to foster a shared understanding with your suppliers regarding your fundamental principles and values. This will also aid in attracting suppliers whose values align with yours, while also providing clarity to discern mismatches. Moreover, it serves as a protective measure against potential risks and fosters transparent communication between your company and your suppliers. It should cover at least labor, environment, and ethics.