The Exponential Power of Supplier Corporate Social Responsibility

Corporate Social Responsibility (CSR) is expressed in a variety of ways. It could be through ethical purchasing practices, hiring practices or providing financial support and other resources to communities impacted by operations. As companies of all sizes go global, there are clear implications for CSR. Corporations can be diligent at home, only to discover - often through negative publicity - that one or more suppliers is harming communities or the environment, or using unacceptable labor practices. Besides the fact the corporate brand reputation is tarnished, honest social responsibility cares about impacts because it is the right thing to do.

Clearly, the only way to manage social responsibility to get the most positive impact is by partnering with suppliers because the suppliers are operating in local communities. The challenge is getting suppliers fully on board. Instituting ethical purchasing practices is a step in the right direction, but that does not really turn sup...

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