The ISO 20400 standard will bring value beyond the procurement community by helping to disseminate CSR practices contained in ISO 26000:2010, Guidance on social responsibility, throughout supply chains, and ultimately the entire economy. The standard has been developed through collaboration of 30 countries seeking for the common denominator in supply chain management.

 

All organizations, independent of their size and sector, will benefit by integrating the principles and issues of social responsibility within the purchasing process.

 

The ISO 20400 Standard is based on several principles, These include accountability, where organizations are responsible for understanding and addressing the impacts within its supply chain; transparency, of the organization’s procurement decisions and activities as well as encouraging supplier transparency; and transformative and innovative solutions, to address sustainability objectives and encourage innovative procurement practices to promote more sustainable outcomes throughout the supply chain.

 

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