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What is the first step in the procurement process?
Social Audit
A formal review of a company's initiatives, procedures, and codes of conduct regarding social responsibility, assessing their impact on society.
Compliance
The act of adhering to laws, regulations, standards, and ethical practices applicable to an organization or activity.
Code of Ethics
A set of guidelines created by an organization to guide its members in making ethical decisions and conducting themselves appropriately.
Natural Environment
The physical and biological factors along with their chemical interactions that affect an ecosystem or the planet as a whole.
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