Act ethically
The company could formalize its anti-bribery and anti-corruption commitment in a public policy document. Describing the process for identifying such risks, especially within specific locations or activities, is essential. Anti-corruption clauses in contracts with business relationships could be added.
Moreover, ensuring accessible and anonymous mechanisms for stakeholders to report bribery and corruption concerns is crucial. Establishing a policy for lobbying and political engagement and disclosing a clear statement of non-political contributions would enhance transparency. Sharing lobbying expenditure details and enforcing compliance for third-party lobbyists with the company’s policy would reinforce ethical lobbying practices.
Provide and promote decent work
The company has an opportunity to disclose a policy commitment to respecting the health and safety of workers across both its operations and supply chain. Moreover, it could strengthen this by presenting evidence of its monitoring of suppliers’ adherence to health and safety standards.
Furthermore, there’s room for the company to enhance its transparency by revealing a time-bound target for paying a living wage for all employees. It could effectively work towards this objective by disclosing the process of determining the living wage in various operational regions. Additionally, it could illuminate its collaboration with suppliers to ensure the implementation of living wage practices.
Simultaneously, the company could take a significant step by committing to gender equality and women’s empowerment. To reinforce this commitment, it could disclose related targets while showcasing the representation of women on its highest governance body.
Respect human rights
The company has an opportunity to disclose a policy statement that commits to respecting human rights recognized as fundamental rights at work by the ILO, and extend this expectation to its suppliers. In terms of risk identification, the company has the chance to describe the process for identifying its human rights risks and impacts, covering both its own operations and its supply chain. Furthermore, it can outline a process for assessing and identifying its salient human rights issues. Finally, it could establish a global system to address its salient human rights issues.