What is Supplier of Choice 2?

What is Supplier of Choice 2?

• A. Program adopted by De Beers in 2007 to address critics and resolve shortcomings of its original SOC plan
• B. A marketing campaign unrelated to social issues
• C. A program to restrict diamond supply
• D. A tax incentive program for miners

Answer: (A)

Supplier of Choice 2 refers to De Beers’ updated responsible-sourcing program introduced in 2007 to address critics and fix the shortcomings of the original Supplier of Choice plan. It was designed to strengthen governance, increase transparency, and ensure suppliers meet higher social and environmental standards, improving traceability and accountability in the diamond supply chain. This is not about marketing, restricting supply, or providing tax incentives, but about enhancing ethical sourcing and oversight within the company’s diamond supply network.

Supplier of Choice 2 refers to De Beers’ updated responsible-sourcing program introduced in 2007 to address critics and fix the shortcomings of the original Supplier of Choice plan. It was designed to strengthen governance, increase transparency, and ensure suppliers meet higher social and environmental standards, improving traceability and accountability in the diamond supply chain. This is not about marketing, restricting supply, or providing tax incentives, but about enhancing ethical sourcing and oversight within the company’s diamond supply network.