Act ethically
The company has the opportunity to publicly disclose a policy statement prohibiting bribery and corruption. It could also outline a comprehensive process for identifying potential bribery and corruption risks and their impacts, particularly in certain locations or activities within its operations. Additionally, there is an opportunity for the company to include anti-bribery and anti-corruption clauses in its contracts with business relationships.
Furthermore, the company could establish a policy that outlines its approach to lobbying and political engagement. To enhance transparency, it could publicly disclose a policy statement indicating that it does not make political contributions. Moreover, the company could disclose its expenditures on lobbying activities and require its third-party lobbyists to adhere to its lobbying and political engagement guidelines.
Provide and promote decent work
The company demonstrates a commitment to workers’ safety and health but could enhance this commitment by formalising it in a publicly accessible policy document. Similarly, while it expects its business relationships to uphold the same standards, transforming this expectation into a clear policy commitment could enhance transparency.
Furthermore, the company could establish time-bound targets for paying all workers a living wage and share its methodology for determining living wages in various regions. This could underscore its dedication to fair compensation practices and workers’ well-being.
In addition, a public commitment to gender equality and women’s empowerment, accompanied by specific, time-bound targets, would illustrate the company’s dedication to fostering a diverse and inclusive workplace.
Respect human rights
The company has an opportunity to disclose a policy statement committing it to respect human rights, including the fundamental rights declared by the ILO. It could also reference these rights in a formal policy document. Furthermore, the company could describe its process for identifying human rights risks in specific locations and its supply chain. It could specify that its due diligence includes addressing human rights risks. Additionally, the company could disclose its process for identifying salient human rights issues and share the results of its human rights risk assessment. Finally, it has the opportunity to reveal a global system to address and prevent salient human rights issues.