Act ethically
To ensure ethical conduct, the company could outline its procedure for identifying bribery and corruption risks within its specific operations and locations. Furthermore, it has the chance to enhance its commitment by integrating anti-bribery and anti-corruption clauses into its contracts with business partners. This proactive approach can be extended by establishing a clear policy that governs the company’s approach to lobbying and political engagement.
Moreover, the company can underscore its dedication to ethical business practices by issuing a public policy statement that explicitly states its non-participation in political contributions. This commitment to transparency can be further strengthened by disclosing its expenditures related to lobbying activities. Lastly, by requiring third-party lobbyists to align with its established lobbying and political engagement policy, the company can effectively promote responsible and ethical behavior across its operations.
Provide and promote decent work
The company can enhance transparency by disclosing its approach to monitoring the health and safety performance of its suppliers. Moreover, while the company expects suppliers to pay a living wage, it should provide insights into its efforts to facilitate and support this payment.
Turning to gender equality, the company can elevate its commitment by translating its existing statement into a comprehensive public policy document. This commitment can be further solidified by disclosing time-bound targets for achieving gender equality and advancing women’s empowerment.
Lastly, in pursuit of equitable pay practices, the company has an opportunity to disclose the ratio of basic salary and remuneration between women and men across its workforce, categorized by employee type and significant operational locations.
Respect human rights
The company outlines its method of evaluating human rights risks and shares some findings from this assessment. However, there is room for improvement in terms of providing clearer disclosure on the results of its human rights risk assessments. Specifically, the company should elaborate on the process it utilizes to identify human rights risks and impacts in specific locations or activities, with a focus on its own operations. Although the company mentions conducting due diligence in general, it should be more explicit in stating that it conducts human rights due diligence, which entails identifying human rights risks and impacts within its supply chain.
Furthermore, the company could also include an explanation of what it considers to be its most important human rights issues. It could further disclose a global system to take action to prevent, mitigate or remediate its salient human rights issues, including a description of how its global system applies to its supply chain.