The Chartered Institute of Procurement & Supply (CIPS) has awarded Al Masaood, a leading private sector business based in Abu Dhabi the CIPS corporate ethics mark demonstrating their commitment to ethical practice in their supply chains. Employees at the company completed ethics training and passed a test in fraud, corruption, bribery and environmental concerns in procurement and supply chain.
Al Masaood is one of the largest integrated industrial, commercial, and service organisations in the Middle East with business activities spanning multiple economic sectors. The CIPS Ethical Procurement and Supply eLearning and Test has been recently updated and renewed to provide quality learning and guidance for organizations concerned about preventing unethical practices in their supply chains. Developed for all levels of procurement professionals, the programme and test enable individuals and organizations to hone their skills and knowledge and ultimately demonstrate their commitment to ethical practice.
Commenting on the achievement, CIPS MENA Managing Director Sam Achampong said, “Al Masaood Group has developed its business model over the last 50 years and has arrived at a place where it operates in 18 of the most significant sectors in business.
“The company has held itself up to be accountable in its supply chains as transparently and ethically as possible which will enhance its reputation. I hope Al Masaood’s procurement team will continue to work with CIPS with the best procurement practices for ongoing success.”
Sofiya Poland- Group Procurement Manager from Al Masaood commented: “This esteemed ethical recognition through CIPS guide to professional conduct, demonstrates Al Masaood Group's dedication to corporate ethics, the company’s fundamental principle of integrity and acting morally.
We are proud to be named among the leaders in the procurement field and in the region when it comes to ethical best practice and the commitment to ethical procurement.
All Masaood will keep striving for a higher standard of behaviour and positive contribution to the delivery of greater equality and social inclusion as well as broader sustainability goals.”
Companies that achieve the ethics mark are included in the CIPS Corporate Ethics Register which includes various sectors and organisations around the globe.