Act ethically
The company has an opportunity to describe its process for identifying its bribery and corruption risks and impacts. Additionally, it can establish a policy outlining its strategy for engaging in lobbying and political activities. Furthermore, while the company states that it makes political donations after approval from the chairman of the Board and the CEO, it could provide transparency by specifying the conditions under which these donations are permitted, clarifying the criteria for exceptions, and addressing any non-donation forms of political contributions. Moreover, the company could disclose its expenditures on lobbying activities.
Provide and promote decent work
The company has an opportunity to disclose a time-bound objective for ensuring that all workers receive a living wage, or declare the achievement of this goal. Further, it could provide insight on its methods to determine a living wage in the regions where it operations. Although the company has established expectations on the wages paid by its supplies, it could augment this by requiring them to provide a living wage, along with the disclosure of how the company supports this payment.
Additionally, while the company has demonstrated commitment to equal opportunities and has taken steps towards gender equality and women’s empowerment, it could make an explicit commitment to these principles in a policy document. Moreover, the company can enhance transparency by disclosing the ratio of the basic salary and remuneration of women.
Respect human rights
While the company has identified one human rights risk and its impacts in its own operations, and discloses that a third party conducts its CSR assessments, It has an opportunity to describe its risk identification process in its operations and through relevant business relationships. It cold further describe how it assesses and identifies what it considers to be its salient human rights issues. Further, while the company discloses that it conducts risk assessments and remediates on a specific human right, it could disclose a global system to act on all its salient human rights issues in all its activities.