As benchmarks for ethical procurement get higher, companies must embed ethics into their processes
The Chartered Institute of Procurement and Supply (CIPS) recently awarded Abu Dhabi Accountability Authority (ADAA) with a certification in Corporate Ethical Procurement and Supply.
All procurement and supply management staff at ADAA completed training in ethical procurement and supply management and passed a test in fraud, corruption, bribery and environmental concerns, CIPS affirmed in a press communique.
Now more than ever, it is important for procurement teams to implement and maintain ethical processes, which details a company’s code of conduct and commitment to environmental, social and legal issues.
Ethical Procurement Strategy
“We are delighted that ADAA have been certified in ethical procurement and this demonstrates their understanding of the growing importance of ethical procurement. Companies should be developing an ethical procurement strategy that starts with a thorough review and risk assessment of current supply chains from which potential problems can be identified and resolved,” asserted Sam Achampong, Manging Director, CIPS MENA.
“It is essential for procurement teams to identify the types of ethical issues they may face so they can develop ethical standards and practices,” he added.
“By achieving the highly regarded CIPS certificate in procurement, the Abu Dhabi Accountability Authority has marked a notable milestone, exemplifying excellence in our field. This recognition goes beyond individual achievement; it embodies our unwavering commitment to maintaining the highest standards of integrity in our financial dealings,” noted Mahmoud Al Alawi, Executive Director, ADAA.
CIPS is the largest global professional body for training and skills development for procurement and supply chain management.
