Act ethically
The company has an opportunity to disclose a policy on prohibiting bribery and corruption and to include anti-bribery and anti-corruption clauses in its business relationships’ contracts. Additionally, it can establish a process to identify risks and impacts related to bribery and corruption, along with a grievance mechanism for stakeholder complaints.
Furthermore, 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 has an opportunity to demonstrate its commitment to its operations and supply chain workers’ health and safety by disclosing a policy statement and providing evidence of monitoring suppliers’ compliance. Additionally, it could set a time-bound target for ensuring all workers receive a living wage, describe the living wage determination methodology, and disclose strategies to support suppliers in paying a living wage.
Furthermore, the company could commit to gender equality and women’s empowerment and disclose related targets. It could also disclose the representation of women on the highest governance body and the ratio of the basic salary and remuneration of women to men.
Respect human rights
The company has an opportunity to demonstrate its commitment to human rights by disclosing a policy statement that respects fundamental human rights, and the International Labour Organization (ILO) fundamental rights at work, in its operations and supply chain.
Additionally, it could describe the process for identifying human rights risks and impacts in specific activities or locations, covering its operations and supply chain, as well as the process for assessing and identifying its salient human rights issues. Moreover, the company could establish a global system to address these salient human rights issues by implementing preventive, mitigative, or remedial measures.