Act ethically
The company has an opportunity to translate its statement prohibiting bribery and corruption into a policy document and to include anti-bribery and anti-corruption clauses that requires mandatory compliance in its business relationships’ contracts. Furthermore, it can establish a process to identify risks and impacts related to bribery and corruption.
In addition, the company could demonstrate ethical conduct by publishing a policy statement that outlines its approach to lobbying and political engagement and emphasises its non-participation in political contributions, or alternatively, states the criteria of exceptions. It could also transparently disclose all lobbying expenditures.
Provide and promote decent work
The company states that it pays fair and reasonable wage to its employees. However, it could set a time-bound target for ensuring all workers receive a living wage and describes the living wage determination methodology in the regions where it operates. Moreover, while the company has set expectations on the wage paid by its suppliers, it has an opportunity to add a requirement for them to pay a living wage, and disclose strategies to support the payment.
The company has statements and targets on gender equality and women’s empowerment; however, it has an opportunity to translate these into a public policy document. It could also disclose the representation of women on the Board of Directors and the ratio of the basic salary and remuneration of women to men.
Respect human rights
The company has an opportunity to establish a global system to take action to prevent, mitigate or remediate its salient human rights issue in its supply chain, which goes beyond an audit and corrective action.