Responsible Procurement refers to the practice of sourcing goods and services in a way that considers ethical, social, and environmental impacts. This approach ensures that suppliers adhere to fair labor practices, sustainable resource use, and minimal environmental harm. Organizations aim to create positive outcomes for communities and ecosystems while meeting their purchasing needs. By implementing Responsible Procurement, companies can enhance their reputation, reduce risks, and foster long-term relationships with suppliers. This practice often involves evaluating suppliers based on criteria such as sustainability, ethical labor practices, and corporate social responsibility. Ultimately, it promotes a more sustainable and equitable economy.