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Date
April 2023
Better Brand Image
An effective way for a company to improve its brand image is to source materials in a sustainable way. Consumers are more likely to support brands that are ethical and environmentally responsible. Commitment to sustainable sourcing will also go a long way towards employee satisfaction.
Lower Business Costs
Implementing any responsible sourcing policy can lower operational costs in the long run. There is a growing trend of sourcing materials from local communities. This helps reduce the costs of storage and transportation and also supports small businesses. Energy consumption via solar panels also minimizes utility costs while helping the environment.
Premium Prices
Five in ten people say that they are willing to pay more for products that are sustainably sourced. Most organisations that have responsible food sourcing policies can charge more for items. Identifying product categories where sustainability is important can result in higher product margins. But if you decide to charge more for sustainably derived products, be sure you can prove it.



















