Act ethically
The company has an internal audit plan to address corruption. However, there is an opportunity to describe the process it employs to identify its risks and impacts related to bribery and corruption.
Additionally, the company could consider establishing a policy that outlines its approach to lobbying and political engagement. While the company has a publicly available policy statement that states its adherence to Brazilian law, which prohibits political contributions or donations, it could further clarify that it abstains from making such contributions in all countries where it operates. Moreover, the company has the potential to enhance its transparency by disclosing its expenses associated with its lobbying activities.
Provide and promote decent work
The company values a healthy workplace and mandates its business relationships to provide resources to ensure employee safety. However, it could reveal a policy statement dedicated to upholding the health and safety of workers, extending similar expectations to its suppliers. This could be coupled with the disclosure of its supplier health and safety monitoring process.
Moreover, though the company emphasizes fair remuneration benchmarked against market standards, it could commit to paying a living wage by setting a time-bound target. It can also outline the process of how it determines a living wage for the regions where it operates, and reveal how it works to support the payment of a living wage by its suppliers.
Furthermore, the company has an opportunity to disclose a public commitment to gender equality and women’s empowerment, and set related time-bound targets. It could enhance transparency by disclosing the ratio of the basic salary and remuneration of women to men.
Respect human rights
The company has a publicly available policy statement aimed at fostering mechanisms to promote human rights and committing to specific workers’ rights. However, there is an opportunity to strengthen this commitment by referencing all the ILO fundamental rights at work and utilising stronger language to formalize this commitment. This commitment could also be extended to encompass its business relationships.
Furthermore, although the company has conducted a materiality study to identify priority areas for its business performance, it has an opportunity to describe a process for identifying its human rights risks and impacts across its operations and supply chain. The company could also elaborate on its procedure for assessing and identifying what it considers to be its salient human rights issues. Moreover, the company has the potential to disclose a global system to act on, prevent or mitigate its salient human rights issues.