Respect human rights
While FCF Co., Ltd commits to uphold specific workers’ rights in its operations and supply chain, an opportunity exists to declare a policy statement affirming its commitment to human rights, and reference all the ILO fundamental rights at work.
Additionally, although the company identifies human rights concerns within its supply chain and engages with relevant stakeholders, there is an opportunity to provide a comprehensive account of its procedure for identifying human rights risks and assessing their impacts across all activities and the supply chain. Further elaboration on how it evaluates and identifies salient human rights issues is also warranted. Furthermore, as the company conducts third-party audits and presents evidence of its management of various human rights matters, there is a potential to unveil a global system for addressing all its salient human rights issues throughout all activities.
Provide and promote decent work
FCF Co., Ltd has an opportunity to disclose its supplier health and safety monitoring process. Additionally, while the company asserts adherence to local wage laws and commits to providing a living wage to its workers, there is room to establish time-bound target for achieving this wage and clarify the determination of living wage in each region. Likewise, while it expects its supplier to also adhere to local wage laws, it can extend the expectation of a living wage to suppliers and detail its support in implementing this payment.
Furthermore, while the company is dedicated to diversity and equal employment opportunities, it could explicitly commit to gender equality and women’s empowerment. This includes setting related time-bound targets, as well as disclosing data on women’s representation on the board and the ratio of women’s basic salary and remuneration compared to men’s.
Act ethically
FCF Co., Ltd has a process for identifying bribery and corruption but has an opportunity disclose comprehensively details of this process. Relatedly, it has an opportunity to include anti-bribery and anti-corruption clauses in its contracts with business relationships. Additionally, the company has an opportunity to have a policy setting out its lobbying and political engagement approach. It could further disclose a publicly available policy statement that specifies that it does not make political contributions and divulge its expenditures on lobbying activities.