Act ethically
The company has an opportunity to describe its process for identifying bribery and corruption risks and impacts, specifically in relation to its own operations and activities in specific locations. While the company provides an email address for employees to report concerns about bribery and corruption, it is unclear if this channel is accessible to all stakeholders.
Additionally, the company has the opportunity to establish a policy that outlines its approach to lobbying and political engagement. The company currently states that political donations require written approval from the Group Legal department. However, it could further clarify whether such donations are only made under exceptional circumstances and the specific criteria for approving them.
Furthermore, the company could disclose its expenditures on lobbying activities as part of its transparency efforts. It could also require third-party lobbyists to adhere to its lobbying and political engagement policy, thus ensuring consistency in their practices.
Provide and promote decent work
The company currently pays its employees minimum wage, but it could demonstrate commitment to fair wages by setting a specific target for achieving a living wage. It would also benefit from disclosing how it determines a living wage within its operational regions.
Moreover, while supplier wage expectations are in place, the company could fortify its stance by mandating a living wage requirement and disclosing associated support measures. It also has an opportunity to reveal its supplier health and safety monitoring process.
Furthermore, the company could solidify its support for gender equality and women’s empowerment by translating these statements into a dedicated public policy. Alongside this, revealing specific, time-bound targets for gender equality and women’s empowerment would be constructive. Currently, women comprise 25% of the leadership team, a percentage that could be further elevated. Disclosing the ratio of women’s basic salary and overall remuneration to that of men in its direct operations workforce would bolster transparency.
Respect human rights
The company states that it allows freedom of association and recognise the right to collective bargaining. However, it has an opportunity to use stronger language to turn the statement into a formal commitment. Additionally, the company could outline the specific process it employs to identify human rights risks and impacts in particular locations or activities, encompassing both its own operations and its supply chain. Furthermore, it could elaborate on its process for assessing and determining its salient human rights issues. Lastly, the company could disclose a global system aimed at addressing, preventing, or mitigating its salient human rights issues.