What best characterizes ethical sourcing?

Ethical sourcing is best characterized by selecting suppliers who adhere to ethical labor standards. This approach emphasizes the importance of ensuring that suppliers operate with respect for human rights, fair labor practices, and environmentally sustainable methods. By choosing suppliers who are committed to ethical labor standards, organizations are able to promote a supply chain that is not only profitable but also socially responsible. This practice helps minimize risks associated with exploitation and poor working conditions and contributes to a more equitable and just business environment.

Choosing suppliers based solely on price overlooks the potential ethical implications of their operations, while focusing exclusively on local suppliers may not necessarily ensure ethical practices. Prioritizing supplier relationships over compliance can lead to compromised ethical standards, as it may result in overlooking necessary checks that ensure suppliers are operating ethically. By focusing on ethical labor standards, organizations can ensure they are contributing positively to society while also maintaining their reputation and compliance with regulations.