1. Ensure Compliance. By using this template, you can ensure that your suppliers comply with labor practices, environmental standards, safety regulations, and fair trade certifications. This helps mitigate risks associated with unethical practices and ensures that your organization upholds its ethical standards.

2. Enhance Transparency. The template promotes transparency in supplier evaluation by providing a clear framework for assessing suppliers based on specific criteria. This transparency fosters trust with stakeholders and demonstrates your commitment to ethical sourcing.

3. Drive Sustainability. Ethical sourcing is essential for driving sustainability in your supply chain. By using this template, you can prioritize suppliers that demonstrate a commitment to sustainable practices and contribute to a more ethical and environmentally friendly procurement process.