Act ethically
The company can enhance its transparency by establishing a policy outlining its lobbying and political engagement strategy. Moreover, it could make a public statement clarifying its non-participation in political contributions. Additionally, the company has the potential to provide insights into its lobbying efforts by disclosing expenditures related to such activities. To reinforce ethical conduct, the company might consider revealing its requirement for third-party lobbyists to adhere to its lobbying and political engagement policy.
Provide and promote decent work
The company could disclose data on worker health and safety, including fatalities due to work-related injuries and total work hours. Additionally, it could provide insights into its suppliers’ health and safety performance monitoring processes. While the company affirms fair wages, it could set a time-bound target for achieving a living wage. Transparently detailing the methodology for determining a living wage in various regions would further demonstrate the company’s responsible practices. Additionally, it could require suppliers to pay a living wage and explain its supportive measures.
Furthermore, the company could disclose specific targets and timelines for achieving gender equality and women’s empowerment. It could consider increasing its female board representation beyond the current 12.5% to better reflect gender diversity. Furthermore, disclosing the gender-based salary and remuneration ratio would provide a comprehensive overview of gender equity in the workforce.
Respect human rights
The company holds potential to bolster its commitment to human rights by revealing policy statements aligned with both general human rights principles and ILO’s fundamental rights at work. It also possesses the opportunity to offer insight into its method of identifying human rights risks across its operations and supply chain, potentially showcasing results from its risk assessment. Furthermore, the company could elaborate on its process for identifying salient human rights issues and explore the creation of a global system to address these concerns proactively.