Ethical sourcing and fair trade principles
Expert-defined terms from the Professional Certificate in Sustainable Retail Industry course at London School of Business and Administration. Free to read, free to share, paired with a professional course.
Acceptable Use Policy refers to a set of rules and guidelines that outline the a… #
Related terms include compliance, governance, and risk management. Acceptable use policies are essential in ensuring that companies operate in an ethical and responsible manner, and that their actions do not harm the environment, their employees, or the communities they serve.
Accountability is the state of being accountable, which means being responsible… #
Related terms include transparency, governance, and compliance. Accountability is essential in ensuring that companies operate in an ethical and responsible manner, and that they are transparent in their actions and decisions.
Aquaculture refers to the practice of farming aquatic plants and animals, such a… #
Related terms include fisheries, seafood, and marine conservation. Aquaculture is an important source of food and income for many communities around the world, and it can be an environmentally friendly way to produce food, if done sustainably.
B Corporation is a type of for #
profit corporation that is certified to meet rigorous standards of social and environmental performance, accountability, and transparency, in the context of social and environmental responsibility. Related terms include social enterprise, impact investing, and sustainable business. B Corporations are committed to using business as a force for good, and to creating a positive impact on society and the environment.
Biodegradable refers to the ability of a substance or material to break down nat… #
Related terms include compostable, recyclable, and non-toxic. Biodegradable materials are essential in reducing waste and pollution, and in promoting sustainable consumption patterns.
Carbon Footprint refers to the amount of greenhouse gas emissions that are assoc… #
Related terms include carbon offsetting, renewable energy, and energy efficiency. Carbon footprint is an important concept in understanding the environmental impact of human activities, and in reducing greenhouse gas emissions to mitigate climate change.
Certification is the process of verifying that a product, service, or system mee… #
Related terms include accreditation, compliance, and auditing. Certification is essential in ensuring that products and services meet certain standards, and that companies operate in an ethical and responsible manner.
Child Labor refers to the practice of employing children in work that is harmful… #
Related terms include forced labor, modern slavery, and exploitation. Child labor is a serious issue that affects many children around the world, and it is essential to prevent and eliminate it to promote social justice and human dignity.
Climate Change refers to the long #
term warming of the planet, which is caused by the increasing levels of greenhouse gases in the atmosphere, such as carbon dioxide and methane, in the context of environmental sustainability. Related terms include global warming, sustainability, and renewable energy. Climate change is one of the most pressing issues of our time, and it requires immediate attention and action to reduce greenhouse gas emissions and promote sustainable development.
Compliance refers to the act of conforming to a set of rules, regulations, or st… #
Related terms include governance, risk management, and auditing. Compliance is essential in ensuring that companies operate in an ethical and responsible manner, and that they respect the rights and dignity of their stakeholders.
Conflict Minerals refer to minerals that are mined in areas where there is armed… #
Related terms include blood diamonds, child labor, and modern slavery. Conflict minerals are a serious issue that affects many communities around the world, and it is essential to prevent and eliminate the trade in these minerals to promote social justice and human dignity.
Corporate Social Responsibility refers to the practice of companies taking respo… #
Related terms include sustainability, governance, and stakeholder engagement. Corporate social responsibility is essential in promoting sustainable development, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Deforestation refers to the clearance of forests, usually as a result of human a… #
Related terms include forest degradation, biodiversity loss, and climate change. Deforestation is a serious issue that affects many ecosystems around the world, and it is essential to prevent and eliminate it to promote environmental sustainability.
Diversity and Inclusion refer to the practice of promoting diversity and inclusi… #
Related terms include equality, equity, and human rights. Diversity and inclusion are essential in promoting social justice and human dignity, and in creating a positive and productive work environment.
Ecolabeling refers to the practice of labeling products that meet certain enviro… #
Related terms include certification, compliance, and green marketing. Ecolabeling is essential in promoting environmental sustainability, and in helping consumers make informed choices about the products they buy.
Energy Efficiency refers to the practice of using energy in a way that is effici… #
Related terms include renewable energy, energy conservation, and sustainability. Energy efficiency is essential in reducing greenhouse gas emissions, and in promoting sustainable development.
Environmental Impact Assessment refers to the process of evaluating the potentia… #
Related terms include risk assessment, environmental monitoring, and sustainability. Environmental impact assessment is essential in identifying and mitigating the potential environmental impacts of human activities, and in promoting environmental sustainability.
Environmental Sustainability refers to the practice of promoting environmenta… #
Related terms include sustainability, conservation, and environmental stewardship. Environmental sustainability is essential in promoting environmental sustainability, and in ensuring that human activities do not harm the environment.
Ethical Sourcing refers to the practice of sourcing products and materials in a… #
Related terms include fair trade, sustainability, and corporate social responsibility. Ethical sourcing is essential in promoting social justice and human dignity, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Fair Labor Practices refer to the practice of promoting fair labor practices, an… #
Related terms include labor rights, workers' rights, and social justice. Fair labor practices are essential in promoting social justice and human dignity, and in ensuring that workers are treated with dignity and respect.
Fair Trade refers to the practice of trading products and materials in a way tha… #
Related terms include ethical sourcing, sustainability, and corporate social responsibility. Fair trade is essential in promoting social justice and human dignity, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Food Security refers to the state of having access to sufficient, safe, and nutr… #
Related terms include food sovereignty, food systems, and sustainable agriculture. Food security is essential in promoting human well-being, and in ensuring that people have access to nutritious and healthy food.
Forest Stewardship Council refers to a certification system that promotes respon… #
Related terms include certification, compliance, and sustainability. Forest Stewardship Council is essential in promoting environmental sustainability, and in ensuring that forestry practices are responsible and sustainable.
Gender Equality refers to the state of having equal rights, opportunities, and t… #
Related terms include gender equity, women's empowerment, and social justice. Gender equality is essential in promoting social justice and human dignity, and in ensuring that women and men have equal opportunities and treatment.
Global Compact refers to a United Nations initiative that promotes corporate<… #
Related terms include sustainability, governance, and stakeholder engagement. Global Compact is essential in promoting sustainable development, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Greenhouse Gas Emissions refer to the release of gases, such as carbon dioxide a… #
Related terms include carbon footprint, energy efficiency, and renewable energy. Greenhouse gas emissions are a serious issue that affects many ecosystems around the world, and it is essential to reduce them to promote environmental sustainability.
Human Rights refer to the fundamental rights and freedoms that are inherent to a… #
Related terms include social justice, dignity, and equality. Human rights are essential in promoting social justice and human dignity, and in ensuring that people are treated with dignity and respect.
International Labor Organization refers to a United Nations agency that promotes… #
Related terms include labor rights, workers' rights, and social justice. International Labor Organization is essential in promoting social justice and human dignity, and in ensuring that workers are treated with dignity and respect.
Land Rights refer to the rights of individuals and communities to own, use, and… #
Related terms include property rights, indigenous rights, and social justice. Land rights are essential in promoting social justice and human dignity, and in ensuring that people have access to land and resources.
Life Cycle Assessment refers to the process of evaluating the environmental impa… #
Related terms include environmental impact assessment, sustainability, and green marketing. Life cycle assessment is essential in identifying and mitigating the potential environmental impacts of products and services, and in promoting environmental sustainability.
Microfinance refers to the practice of providing small loans and financial servi… #
Related terms include financial inclusion, poverty reduction, and social justice. Microfinance is essential in promoting social justice and human dignity, and in providing access to financial services for people who are excluded from traditional banking systems.
Natural Resources refer to the natural assets, such as water, soil, and minerals… #
Related terms include conservation, sustainability, and environmental stewardship. Natural resources are essential in promoting environmental sustainability, and in ensuring that human activities do not harm the environment.
Occupational Health and Safety refers to the practice of promoting the health an… #
Related terms include labor rights, workers' rights, and social justice. Occupational health and safety are essential in promoting social justice and human dignity, and in ensuring that workers are treated with dignity and respect.
Organic Farming refers to the practice of growing crops and raising animals with… #
Related terms include sustainable agriculture, environmental conservation, and public health. Organic farming is essential in promoting environmental sustainability, and in ensuring that food is produced in a way that is healthy and sustainable.
Partnership refers to the collaboration between two or more organizations, gover… #
Related terms include collaboration, cooperation, and stakeholder engagement. Partnership is essential in promoting sustainable development, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Renewable Energy refers to the energy that is generated from natural resources,… #
Related terms include energy efficiency, sustainability, and environmental conservation. Renewable energy is essential in reducing greenhouse gas emissions, and in promoting sustainable development.
Social Enterprise refers to a business or organization that has a social or envi… #
Related terms include social entrepreneurship, impact investing, and sustainable business. Social enterprise is essential in promoting social justice and human dignity, and in ensuring that business is used as a force for good.
Social Responsibility refers to the practice of promoting social justice… #
Related terms include corporate social responsibility, sustainability, and stakeholder engagement. Social responsibility is essential in promoting social justice and human dignity, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Stakeholder Engagement refers to the practice of engaging with stakeholders, suc… #
Related terms include corporate social responsibility, sustainability, and governance. Stakeholder engagement is essential in promoting sustainable development, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Supply Chain Management refers to the practice of managing the flow of goods, se… #
Related terms include logistics, procurement, and inventory management. Supply chain management is essential in promoting environmental sustainability, and in ensuring that products are produced and delivered in a way that is efficient and responsible.
Sustainability refers to the practice of promoting environmental , soci… #
Related terms include environmental conservation, social responsibility, and economic development. Sustainability is essential in promoting environmental sustainability, and in ensuring that human activities do not harm the environment.
Sustainable Agriculture refers to the practice of growing crops and raising anim… #
Related terms include organic farming, environmental conservation, and public health. Sustainable agriculture is essential in promoting environmental sustainability, and in ensuring that food is produced in a way that is healthy and sustainable.
Sustainable Consumption refers to the practice of consuming products and service… #
Related terms include sustainable production, waste reduction, and recycling. Sustainable consumption is essential in promoting environmental sustainability, and in ensuring that products are consumed in a way that is efficient and responsible.
Sustainable Development refers to the practice of promoting environmental … #
Related terms include environmental conservation, social responsibility, and economic development. Sustainable development is essential in promoting environmental sustainability, and in ensuring that human activities do not harm the environment.
Sustainable Packaging refers to the practice of using packaging materials and de… #
Related terms include waste reduction, recycling, and biodegradable materials. Sustainable packaging is essential in promoting environmental sustainability, and in ensuring that packaging materials do not harm the environment.
Sustainable Procurement refers to the practice of purchasing products and servic… #
Related terms include supply chain management, logistics, and inventory management. Sustainable procurement is essential in promoting environmental sustainability, and in ensuring that products are produced and delivered in a way that is efficient and responsible.
Sustainable Tourism refers to the practice of traveling and visiting destination… #
Related terms include eco-tourism, responsible travel, and cultural heritage preservation. Sustainable tourism is essential in promoting environmental sustainability, and in ensuring that tourism activities do not harm the environment or local communities.
Transparency refers to the practice of being open and honest in business practic… #
Related terms include accountability, governance, and stakeholder engagement. Transparency is essential in promoting social justice and human dignity, and in ensuring that companies operate in a way that is respectful of the rights and dignity of their stakeholders.
Waste Management refers to the practice of handling, storing, and disposing of w… #
Related terms include recycling, composting, and landfill management. Waste management is essential in promoting environmental sustainability, and in ensuring that waste does not harm the environment or human health.
Water Conservation refers to the practice of using water in a way that is effici… #
Related terms include water management, water efficiency, and watershed protection. Water conservation is essential in promoting environmental sustainability, and in ensuring that water is used in a way that is efficient and responsible.
Worker Rights refer to the rights and freedoms of workers, including the right t… #
Related terms include labor rights, social justice, and human dignity. Worker rights are essential in promoting social justice and human dignity, and in ensuring that workers are treated with dignity and respect.