Act ethically
The company has the chance to publicly disclose a policy statement that explicitly prohibits bribery and corruption. It could also outline a comprehensive process for identifying potential bribery and corruption risks and their impact, particularly in certain locations or activities that are part of the company’s own operations. Additionally, there is an opportunity for it to include anti-bribery and anti-corruption clauses in its contracts with business relationships.
Furthermore, the company can establish a policy that clearly outlines its approach to lobbying and political engagement. To enhance transparency, it can publicly disclose a policy statement stating that it does not make political contributions. Moreover, the company has the option to disclose its expenditures on lobbying activities. Lastly, it has the ability to enforce its lobbying and political engagement policy by requiring third-party lobbyists to adhere to its guidelines.
Provide and promote decent work
The company currently demonstrates a commitment to worker safety and health but could enhance this commitment by formalizing it in a publicly accessible policy document. Similarly, while it expects its business relationships to uphold the same standards, transforming this expectation into a clear policy commitment would increase transparency.
Furthermore, the company can improve by establishing time-bound targets for paying all workers a living wage and sharing its methodology for determining living wages in various regions. This would underscore its dedication to fair compensation practices and workers’ well-being.
In addition, a public commitment to gender equality and women’s empowerment, along with specific, time-bound targets, would illustrate the company’s dedication to fostering a diverse and inclusive workplace.
Respect human rights
The company has an opportunity to disclose a policy statement committing it to respect human rights, including the fundamental rights declared by the ILO. It can also reference these rights in a formal policy document. Furthermore, the company can describe its process for identifying human rights risks in specific locations and its supply chain. It can specify that its due diligence includes addressing human rights risks. Additionally, the company could disclose its process for identifying salient human rights issues and share the results of its human rights risk assessment. Finally, it has the chance to reveal a global system to address and prevent salient human rights issues.