Act ethically
The company can enhance its transparency and commitment in various areas. Firstly, it could elaborate on its process for identifying bribery and corruption risks within its operations. Secondly, while emphasizing ethical standards for suppliers, it can explicitly mention the inclusion of anti-bribery and anti-corruption clauses in contracts. Thirdly, it could clarify the accessibility and anonymity options for stakeholders using its grievance mechanism for bribery and corruption concerns.
Furthermore, the company has opportunities in the realm of political engagement. It should consider formalizing its approach through a policy document and publicly stating its stance on political contributions. To enhance transparency, the company should disclose its lobbying expenditures and emphasize that third-party lobbyists must adhere to its established policies regarding lobbying and political engagement.
Provide and promote decent work
The company can enhance its transparency by disclosing its monitoring methods for supplier health and safety performance. Additionally, it can demonstrate a stronger commitment to fair labor practices by setting time-bound targets for paying a living wage to its employees and suppliers and detailing how it determines living wages in various regions.
Furthermore, the company has the opportunity to publicly commit to gender equality and women’s empowerment, along with setting specific, time-bound targets in this regard. Lastly, it can provide greater insights into its gender pay equity by disclosing the ratio of women’s remuneration to men’s across different employee categories and significant locations of operation.
Respect human rights
The company can strengthen its commitment to workers’ rights by referencing all ILO fundamental rights at work in its policies, both for its own operations and those of its suppliers. Additionally, the company has room for improvement in disclosing its process for identifying human rights risks and impacts in specific locations and activities, both within its operations and supply chain.
Furthermore, it can enhance transparency by sharing the results of its human rights risk assessment and detailing a global system to address and prevent salient human rights issues. This comprehensive approach would demonstrate a strong commitment to upholding human rights throughout its operations and supply chain.