Act ethically
The company has an opportunity to outline the process it employs for identifying bribery and corruption risks and impacts, particularly in specific locations or activities related to its own operations.
Furthermore, although the company mentions its adherence to national regulations concerning lobbying and political engagement, there is an opportunity for the company to set out its approach to lobbying and political engagement. It could further disclose publicly accessible policy statement explicitly stating that it refrains from making political contributions, and divulge its expenditures associated with lobbying activities.
Provide and promote decent work
The company expects its business relationships to prioritise employee health and safety, with the right to verify compliance through audits. However, there is an opportunity for the company to disclose its monitoring of supplier health and safety performance, and detail the audit process.
Additionally, the company could reveal its method for determining a living wage in its operational regions. While wage expectations for suppliers are in place, there is an opportunity to add a requirement for suppliers to pay living wage, and provide insights into how it supports suppliers in meeting this standard.
Moreover, while the company is engaged in women’s empowerment initiatives, it has an opportunity to explicitly commit to gender equality and women’s empowerment, along with disclosing related time-bound targets. The company could also present information such as the proportion of women on the supervisory board and the ratio of the basic salary and remuneration of women to men.
Respect human rights
The company, through its human rights due diligence processes, identifies, prevents and mitigates human rights risks. It also conducts risks assessments in countries where it has no previous experience in and has not reviewed periodically. In addition, it evaluates suppliers by using self-assessment surveys and on-site audits. However, there is an opportunity to comprehensively describe the processes for identifying human rights risks and impacts across its operations and supply chain.
Further, although the company discloses its salient human rights issues, it has an opportunity to disclose the process for assessing saliency of these risks more clearly. Moreover, although the company discloses that it works actively with suppliers to address and remediate human rights violations, it could disclose a global system to act on, prevent or mitigate its salient human rights issues. This system’s applicability to the supply chain could also be disclosed.
