Institute for Supply Management (ISM) Principles of Sustainability and Social Responsibility

Sustainability

The ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental, and social challenges.

Social Responsibility

A framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization, and the community.

Principles

1.  Community.  Community initiatives provide resources to support the community in which the company or organization operates.

2.  Diversity and Inclusiveness--Supply Base.  Supply base diversity and inclusiveness refers to efforts to engage different categories of suppliers in sourcing processes an decisions.

3.  Diversity and Inclusiveness--Workforce.  Workforce diversity and inclusiveness refers to efforts to attract and retain a workforce that represents the varied backgrounds of the customer and community in which the organization operates.

4.  Environment.  Supply management actions and decisions that promote protection and preservation of the health and vitality of the environment within which the organization operates.

5.  Ethics and Business Conduct.  Ethical behavior and business conduct is a critical element impacting personal, business (public and private), supplier and governmental relationships and governance.

6.  Financial Responsibility.  Financial responsibility refers to understanding and applying financial concepts to supply management decisions to address allocation of funds, accurate reporting and management of risk.

7.  Human Rights.  Human rights refer to the concept of human beings having universal natural rights, or status, regardless of legal jurisdiction or other localizing factors.

8.  Health and Safety.  Health and safety refer to the condition of being protected or free from the occurrence of risk of injury, danger, failure, error, accident, harm, or loss.

9.  Sustainability.  Sustainability refers to the ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental, and social challenges.

 

ISM acknowledges the United Nations Global Compact and United Nations' The Universal Declaration of Human Rights for concepts adopted and integrated into ISM definitions, policies, and documents.

See https://www.ism.ws