Act ethically
The company has an opportunity to outline its process for identifying bribery and corruption risks and impacts in specific locations or activities related to its own operations. Furthermore, the company could establish a policy that outlines its approach to lobbying and political engagement.
While the company states that it does not provide funding to political parties or politicians, it could strengthen this commitment by documenting it in a public policy document. Additionally, the company could provide transparency by disclosing its expenditures on lobbying activities. Lastly, the company could require third-party lobbyists to adhere to its lobbying and political engagement policy.
Provide and promote decent work
To ensure fair compensation, the company has the chance to commit to paying a living wage by setting a time-bound target, moving beyond minimum wage for its employees. This commitment could be bolstered by disclosing how the company determines a living wage tailored to the regions of its operations. Extending its influence, the company also has the opportunity to require its suppliers to pay a living wage, adding a crucial dimension to its expectations and disclosing the mechanisms it employs to support this.
Shifting focus to worker safety, while the company acknowledges its respect for health and safety, formalizing this commitment within a public policy document would further underline its dedication. Similarly, the company’s statement on gender equality and women’s empowerment can be elevated through translation into a dedicated public policy, solidifying its stance. This commitment can be complemented by the disclosure of gender pay ratios across different employee categories and significant operational locations, emphasizing transparency and progress in these crucial areas.
Respect human rights
In terms of human rights commitment, the company showcases its dedication through statements acknowledging the ILO’s fundamental rights at work. However, an opportunity exists to elevate these statements by formalizing them within a comprehensive policy document. Going further, the company could extend its influence to suppliers by disclosing a policy that compels them to uphold the ILO-declared fundamental rights at work.
To enhance transparency, the company has the potential to share the outcomes of its human rights risk assessment. It could also detail the systematic process for identifying human rights risks and impacts across specific locations and activities. Moreover, while the company discloses that it conducts due diligence in general, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts in its supply chain.
Furthermore, on a global scale, the company has the chance to introduce a system that effectively tackles, prevents, and mitigates salient human rights issues.