Code of Ethics for Procurement Professionals

Reporting unethical behavior is a courageous act that upholds integrity and protects others. It begins with observing and documenting the misconduct clearly and objectively. The next step is to report it through the proper channels, such as HR, a supervisor, or a whistleblower hotline. It’s important to remain professional and avoid retaliation or gossip. By speaking up, you contribute to a culture of accountability and ethical excellenceCode of Ethics for Procurement Professionals

1. Integrity and Fairness
Conduct all procurement activities with honesty, fairness, and transparency.
Avoid any actions or decisions that may create conflicts of interest or the appearance of impropriety.
Ensure equal opportunity for all qualified suppliers through impartial and objective selection processes.

2. Accountability and Compliance
Adhere strictly to all applicable laws, regulations, internal policies, and contractual obligations.
Maintain complete and accurate procurement records that are auditable and verifiable.
Take responsibility for decisions and actions in the procurement process.

3. Confidentiality
Protect confidential and proprietary information received during the procurement process.
Do not disclose supplier pricing, technical proposals, or sensitive project information to unauthorized parties.

4. Professionalism
Maintain high standards of professionalism in interactions with suppliers, contractors, and stakeholders.
Continuously develop procurement knowledge and skills to improve performance and add value.
Avoid accepting gifts, entertainment, or favors that may influence procurement decisions.

5. Conflict of Interest
Disclose any personal or financial interest that could improperly influence procurement decisions.
Refrain from participating in procurement activities where a potential conflict of interest exists.
6. Sustainability and Social Responsibility
Promote environmentally responsible and sustainable procurement practices.
Encourage fair labor practices, diversity, and support for local communities in supplier selection.

7. Anti-Corruption and Bribery
Never offer or accept bribes or other improper inducements.
Report any suspected fraud, corruption, or unethical behavior to the appropriate authority.

8. Supplier Relationship Management
Foster respectful, ethical, and professional relationships with all suppliers.
Avoid favoritism and ensure that all suppliers are treated equitably.
Resolve disputes promptly and fairly.

9. Continuous Improvement
Seek opportunities to improve procurement processes, systems, and strategies.
Embrace innovation and feedback to drive better value, efficiency, and service delivery.

10. Reporting Unethical Behavior