Ethical Sourcing Strategy Template

Create an ethical sourcing plan for your business. Responsibly source products and promote sustainability.
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Ethical Sourcing Strategy Template

What is an Ethical Sourcing Strategy?

An ethical sourcing strategy is a plan that companies and businesses implement to ensure that their products are sourced responsibly and ethically. By creating an ethical sourcing strategy, businesses can ensure that their supply chain is managed responsibly and that social and environmental sustainability is being promoted. This strategy should provide a clear set of objectives, actions, and measurable targets that can be used to assess the progress in ethical sourcing.

What's included in this Ethical Sourcing Strategy template?

  • 3 focus areas
  • 6 objectives
  • 6 projects
  • 6 KPIs

Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.

Who is the Ethical Sourcing Strategy template for?

This strategy template is designed for companies and businesses that want to develop responsible sourcing practices, promote ethical labor practices, reduce their environmental impact, and strengthen their community engagement. It provides a structure for creating a comprehensive plan to ensure ethical sourcing practices, and provides a framework for tracking progress towards the goals and objectives of the plan.

1. Define clear examples of your focus areas

A focus area is the broad category in which you will be making changes to ensure ethical sourcing. Examples of focus areas could include establishing responsible sourcing practices, promoting ethical labor practices, reducing environmental impact, and strengthening community engagement. These focus areas should be tailored to the company’s specific goals and objectives.

2. Think about the objectives that could fall under that focus area

Objectives are the specific goals that you want to achieve in each focus area. For example, in the focus area of “establish responsible sourcing practices”, objectives could include developing a sustainable supply chain, auditing supplier practices, and monitoring working conditions. Objectives should be specific, measurable and achievable.

3. Set measurable targets (KPIs) to tackle the objective

KPIs, or Key Performance Indicators, are the measurable targets that you set to track the progress of each objective. KPIs should be realistic, achievable, and measurable. An example of a KPI for the focus area of Establish Responsible Sourcing Practices could be: Increase Transparency in Supply Chain.

4. Implement related projects to achieve the KPIs

Projects are the steps that you take to achieve each KPI. For example, in the KPI of reducing unsafe working conditions, actions could include conducting regular safety audits, implementing safety training programs, and providing safety equipment. Actions should be specific and achievable.

5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy

Cascade Strategy Execution Platform is the perfect tool to help you measure, monitor, and manage your strategies. With Cascade, you can create an easily accessible strategy plan, track progress toward your objectives, and make data-driven decisions to ensure that your ethical sourcing goals are met.

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Ethical Sourcing Strategy Template
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