Act ethically
The company has an opportunity to enhance transparency by describing how it identifies bribery and corruption risks within its operations. While it includes anti-bribery and anti-corruption clauses in contracts, it could specify the consequences from breaching these clauses. Furthermore, it could further clarify if its mechanism for raising concerns ensures anonymity and protection from reprisals.
Additionally, the company can develop a policy outlining its approach to lobbying and political engagement, promoting responsible practices. Disclosing a policy statement affirming no political contributions and requiring third-party lobbyists to adhere to company standards would further demonstrate ethical engagement.
Provide and promote decent work
The company can enhance transparency by revealing its approach to monitoring the health and safety performance of suppliers. While it currently pays minimum wage, there is room to demonstrate a stronger commitment by setting a time-bound target for a living wage. It can also elaborate on how it determines this wage for different regions. Additionally, it can extend its expectations for supplier wages by including a living wage requirement and detailing its support mechanisms.
A public commitment to gender equality and women’s empowerment can further bolster its responsible practices. Increasing the representation of women on the board to a minimum of 30% would also demonstrate commitment. Furthermore, the company could disclose the ratio of women’s to men’s remuneration across different roles and locations.
Respect human rights
While the company acknowledges the importance of due diligence to prevent negative impacts on human rights, it can further elaborate on its process for identifying such risks in specific locations and activities within its operations. Similarly, the company can extend this process description to encompass its supply chain. The company also has room to enhance its transparency by disclosing the outcomes of its human rights risk assessment.
Furthermore, the company could elaborate on its process for identifying salient human rights issues, building upon its existing list of human rights concerns. Additionally, the company has the opportunity to reveal a comprehensive global system for addressing, preventing, or mitigating its salient human rights issues.