Creating Value Through Ethical Sourcing of Natural Resources

This book examines how and to what extent ethical sourcing of natural ingredients brings benefits both financial and non-financial to flavors and fragrances manufacturers as well as local producers.This paper first analyzes the benefits for local producers by exploring the impacts of the practice on financial social cultural technical and environmental assets. In a second part this paper highlights the value created for companies through a sustainable sourcing approach which appears to be mainly extra-financial and appreciated over the long term.This paper analyzes the benefits for local producers by exploring the impacts of the practice on financial social cultural technical and environmental assets. The value created for companies through sustainable sourcing approach appears to be mainly extra-financial and appreciated over the long term.