Every company has a corporate responsibility of taking care of those that are within its operational vicinities. In addition to this, a firm should uphold ethical relations with its suppliers at all times. This ensures that a positive, longstanding relationship is developed between the involved stakeholders. The result of such a relationship is a friendly business environment where all parties mutually benefit from the existence of each other. The following are some of the companies that have proved that it is possible to have ethical partnerships with all the shareholders and at the same time remain profitable:
1. doTERRA
This company deals with the supply of essential oils to their broad base of clients. The company has thrived through continued efforts to improving the livelihoods of farmers, harvesters, and distillers. These people are all involved in ensuring that doTERRA delivers one of the finest quality essential oil products in the market.
This company has numerous products that are made using oil that is imported from developing countries in other parts of the world. The company has over the years developed strong ties with these suppliers through the creation of employment opportunities and improving their livelihoods. The company also ensures that it makes timely payments for the supplies. Their buying prices are also good enough to ensure that the farmers fully benefit from the sale. Additionally, the company has a 501(c)(3) non-profit organization that has been active over the years in helping the less fortunate in these countries.
2. Patagonia
This cloth making company has been in operation for an extended period, and their positive relations with its suppliers and workers is noteworthy. The firm uses organically grown cotton to ensure that the well-being of its consumers, as well as workers, is not compromised. The firm also offers health insurance to the workers. This positive relation has ensured that mutualism between the firm and the other stakeholders has thrived and all parties have benefitted.
3. Port of Mokha
This firm also highly ranks as one of the companies that have always upheld positive values in their operations. It deals with the production of coffee. The company always buys from the suppliers at the best price. The company also insists on an ethical production of the coffee in all the stages. It works hand in hand with the farmers from planting to harvesting to ensure that quality is achieved while operating on ethical terms.
4. H&M
This clothing firm has built a reputation for their transparency in the company’s supply chain system. All the company’s suppliers are published on their website, and the firm accepts responsibility for any misconduct done by them.
5. The Dr. Pepper Snapple Group
This company conducts scrutiny on all the suppliers before engaging them as partners to determine their adherence to ethical values. The company has also placed concerted efforts to energy production with minimal water wastage.
On a final note, we are just as dedicated to making ethical sourcing decisions and know that it’s important for us to be mindful of the people and products we’re supporting. Click here to check out what more of those products are!
References:
Starbucks Ethical Sourcing | Starbucks
doTERRA Ethical Sourcing | Source to You
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