Act ethically
The company has an opportunity to outline the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations. In addition, while the company has an established mechanism for stakeholders to raise bribery and corruption concerns, it could explicitly state that all stakeholder are free to raise concerns and complaints without fear of reprisals.
Moreover, the company has an opportunity to adopt a policy that defines its approach to lobbying and political engagement. It could further clarify its stance by explicitly stating its non-involvement in political contributions and divulging expenditures linked to lobbying activities.
Provide and promote decent work
The company has an opportunity to disclose its methods for monitoring supplier health and safety performance. Additionally, although the company claims it pays a minimum wage, an opportunity exists to commit to a living wage by establishing a time-bound target. It could also elucidate its process for determining a living wage for the regions where it operates. Relatedly, while the company has set expectations on the wage paid by its suppliers, it could add a requirement for them to pay a living wage, and disclose how it supports the payment.
Moreover, while the company is engaged in women’s empowerment initiatives, it could take a more explicit stance by committing to gender equality and women’s empowerment. It could further report information such as the ratio of the basic salary and remuneration of women to men.
Respect human rights
While the company is a signatory to the UN Global Compact and is committed to promoting its ten core principles, there is an opportunity to formalize this commitment by disclosing a policy statement that emphasizes respect for human rights. Also, although the company is committed to upholding specific workers’ rights, it can take this commitment further by encompassing all the ILO fundamental rights throughout its operations and supply chain.
Furthermore, the company can elaborate on its process for identifying human rights risks and impacts in its own operations. While the company discloses a tool for CSR assessment of its suppliers, it can specify its human rights due diligence, including the identification of human rights risks and impacts in the supply chain. This could be followed by an outline of the process used to assess and identify its salient human rights issues. Moreover, the company could disclose a global system to act on, prevent or mitigate its salient human rights issues.