Sustainability has become an important criterion for both consumers and brands interested in reducing the impact of their everyday activities on the environment. For brands, sustainability can be achieved through the implementation of diverse initiatives including energy efficiency, utilizing eco-friendly raw materials, and implementing ethical sourcing. For consumers, corporate sustainability is enforced by transacting exclusively with brands whose operations meet their ethical sensibilities.
Consumer surveys highlight the importance of sustainability and ethical sourcing to end users. An Open Text survey conducted across 12 countries showed that 81% of consumers stated that purchasing ethically sourced products matters to them. In the United States, 88% of consumers will boycott a brand for irresponsible business activities and 56% of consumers will stop transacting with brands they believe are unethical.
Ethical sourcing focuses on obtaining raw materials and services from third-party suppliers who uphold responsible business practices that protect the environment and are free from human rights violations. These violations may include forced labor, the use of child labor, unfair wages, and unsafe working conditions.
Businesses across the industrial sector that fail to ensure that their supply chain meets ethical sourcing standards may face both legal penalties and social backlash. Here, legal penalties include fines from governmental agencies, product recalls, and seizure of production facilities. The social backlash businesses face from unethical sourcing includes reputational losses, social boycotts, and the loss of the business’s customer base. Unethical sourcing could also make it difficult for businesses to secure funding from investors and financial institutions which puts the viability of an enterprise at risk.
As an industry-leading manufacturer of printers and technology solutions, we take ethical sourcing and sustainability seriously. Our commitment to ethical sourcing is integrated across our supply chain and facilities to ensure sustainability and accountability as our operational standards outlined below show.
TROY printers are an excellent choice for businesses that are looking for secure and responsible printing solutions. Prospective customers stand to benefit from utilizing Troy printers in the following ways:
The importance of ethical sourcing cannot be overstated in today's fast-paced and competitive business environment. With the risk of reputational damage and legal penalties looming large, it is imperative that businesses ensure they use products that are manufactured without the use of forced labor and in conducive facilities.
When searching for secure and responsible printing solutions, note that TROY printers are the benchmark due to the ethical standards we employ across our supply chain. TROY’s supply chain utilizes a secure and transparent process, that guarantees ethical production and sustainability. Our commitment to maintaining ethical sourcing standards has earned us a reputation as “the reliable and responsible printing solutions service provider” for businesses of all sizes.
Companies that use TROY's products can rest assured that they are contributing towards ethical and sustainable practices. By choosing TROY printers, your business will enjoy the above-stated benefits from a product that delivers the quality that you deserve.