Act ethically
The company has the opportunity to enhance its transparency regarding bribery and corruption risks and impacts within specific locations or activities, particularly within its own operations. While it maintains a mechanism for stakeholders to report concerns related to bribery and corruption, there is ambiguity regarding the accessibility of this mechanism to all stakeholders and whether complainants have the option to identify themselves or remain anonymous.
Furthermore, the company could take the initiative to develop a policy that outlines its approach to lobbying and political engagement, providing a clear framework for its activities in this area. As part of its commitment to transparency, it also has an opportunity to disclose a publicly available policy statement explicitly stating that it does not make political contributions.
The company could go a step further by disclosing its expenditures related to lobbying activities, offering greater insight into its engagement with political processes. To reinforce its commitment to ethical lobbying practices, the company could also disclose that it mandates third-party lobbyists to adhere to its lobbying and political engagement policy, ensuring alignment with its values and standards.
Provide and promote decent work
The company has an opportunity to enhance transparency by disclosing its monitoring mechanisms for assessing the health and safety performance of its suppliers. Additionally, while the company currently pays its employees minimum wage, it could take a more proactive stance by committing to pay a living wage and establishing a clear time-bound target to achieve this goal.
Furthermore, the company has the chance to elaborate on how it determines the living wage for the specific regions where it operates, providing insight into its methodology. To strengthen its commitment to fair labor practices, the company could consider requiring its suppliers to pay a living wage and share the measures it takes to support them in meeting this requirement.
In alignment with global goals for gender equality, the company has an opportunity to make a public commitment to gender equality and women’s empowerment. Additionally, it could disclose the ratio of basic salary and remuneration between women and men across various employee categories within its total direct operations workforce.
Respect human rights
The company can enhance its commitment to human rights by disclosing a policy statement explicitly committing to respect human rights. It should also provide insight into its process for identifying human rights risks and impacts, especially within specific locations or activities that encompass its own operations.
While the company mentions conducting due diligence, it’s an opportunity to clarify that this process includes human rights due diligence for identifying risks and impacts within its supply chain. Additionally, the company could explain how it assesses and identifies its significant human rights issues and share the results of its human rights risk assessment. To demonstrate a comprehensive approach, the company can disclose a global system aimed at addressing, preventing, or mitigating its significant human rights issues.