Act ethically
The company has an opportunity to disclose a policy on prohibiting bribery and corruption, and to include anti-bribery and anti-corruption clauses in its contracts with business relationships. It could also disclose its processes for identifying and addressing bribery and corruption risks and impacts, along with establishment of a grievance mechanism for stakeholders to raise related complaints. Additionally, the company could disclose its approach to lobbying and political engagement, specifying that it does not make political contributions and divulging its lobbying expenditures.
Provide and promote decent work
While the company has statement respecting worker well-being, it could enhance this commitment by establishing a public policy document and providing specific details about worker health and safety, including hours worked. It could also introduce a policy that requires its suppliers to prioritise the well-being of their employees and describe how it monitors supplier compliance.
Furthermore, there is an opportunity for the company to publicly commit to achieving a living wage for its workers within a certain timeframe. It could also explain how it calculates a living wage in the areas it operates and supports suppliers in meeting this standard.
Moreover, the company could openly commit to gender equality and women’s empowerment, including setting specific time-bound targets. Additionally, it could disclose whether women comprise at least 30% of its highest governing body. Lastly, the company could provide information about the pay ratio between men and women in various job categories and significant locations.
Respect human rights
The company could share a policy statement demonstrating its commitment to upholding human rights. It also has an opportunity to declare its commitment to respecting the fundamental human rights defined by the ILO for the workplace and extend this expectation to its suppliers.
The company also has the opportunity to outline the method it employs to pinpoint human rights risks and impacts in specific areas or activities, addressing both its operations and supply chain. It could also disclose the outcomes of its human rights risk assessment, as well as detailing the process it follows to identify its significant human rights concerns. Additionally, the company has the opportunity to establish a comprehensive global strategy aimed at responding to, preventing, or mitigating its significant human rights issues.