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We live in your world - July 2011

We live in your world - July 2011

Supporting better sourcing decisions

Supporting better sourcing decisions

We have responded to feedback from stakeholders by strengthening and expanding our Global Sourcing Framework to embed responsible sourcing practices in every country where we operate.

Our Group General Manager of Global Shared Services, Kathleen Bailey-Lord, said the new policy and code were developed with input from a diverse range of stakeholders.

“In collaborating with our stakeholders, particularly suppliers, we have a greater chance of ‘fast tracking’ improvements in social, economic and environmental performance in our supply chain. It also helps us build robust, respectful, lasting relationships that are beneficial to all parties,” Kathleen said.

Our new Global Sourcing Policy defines the principles and behaviours expected of all employees, consultants and contractors and requires that all procurement be undertaken in line with our business values, ethics and our human rights standards.

Our new Supplier Code of Practice (SCOP) outlines the standards we expect our suppliers to meet as a condition of doing business with us. The SCOP expands on previous commitments and includes new, explicit requirements related to business ethics and human rights such as: adherence to international standards and domestic regulations relating to the employment of children; and the prohibition of unethical business practices such as inappropriate gifts. We are also actively encouraging our suppliers to influence their own supply chains to meet these same standards.

The SCOP is in keeping with our support of the OECD Guidelines for Multinational Enterprises and the UN Global Compact.

To assist the implementation of our new policy and code of practice, we are rolling out a training program for sourcing managers to help them build understanding and awareness of social and environmental issues, including human rights and to take greater account of local conditions, cultures and legal requirements when making sourcing decisions.

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