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Frasers Property Limited’s Responsible Sourcing Policy outlines the company\'s commitment to responsible sourcing practices, emphasizing sustainability, human rights, and ethical behavior among
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How to fill out responsible sourcing policy
How to fill out responsible sourcing policy
01
Begin by identifying the scope of your responsible sourcing policy, including the materials and suppliers involved.
02
Research international and local laws and regulations related to sourcing and labor rights.
03
Establish clear ethical standards for your suppliers regarding labor practices, environmental impact, and human rights.
04
Include a supplier code of conduct that outlines your expectations and requirements.
05
Develop a process for assessing and selecting suppliers based on your policy criteria.
06
Implement training programs for your team and suppliers to ensure understanding and adherence to the policy.
07
Create a system for monitoring compliance and performance of suppliers relative to the responsible sourcing policy.
08
Determine how to address non-compliance, including consequences and corrective actions.
09
Regularly review and update the policy based on feedback, changes in regulations, and best practices.
Who needs responsible sourcing policy?
01
Businesses and organizations that source materials or products from suppliers.
02
Companies aiming to improve their supply chain's ethical and environmental standards.
03
Consumers interested in supporting businesses that prioritize responsible sourcing.
04
Investors looking for sustainable and responsible investment opportunities.
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What is responsible sourcing policy?
A responsible sourcing policy is a set of guidelines and principles that organizations implement to ensure that their supply chains are ethical, sustainable, and do not contribute to harmful practices or human rights violations.
Who is required to file responsible sourcing policy?
Typically, companies that are publicly traded or those in industries with significant environmental and social impacts are required to file a responsible sourcing policy. This can include manufacturers, retailers, and importers.
How to fill out responsible sourcing policy?
To fill out a responsible sourcing policy, organizations should assess their supply chain practices, define their sourcing criteria, engage with suppliers, outline their commitment to sustainability and ethical practices, and provide metrics for reporting and accountability.
What is the purpose of responsible sourcing policy?
The purpose of a responsible sourcing policy is to promote ethical practices within the supply chain, minimize negative impacts on people and the environment, enhance brand reputation, and ensure compliance with laws and regulations.
What information must be reported on responsible sourcing policy?
Information that must be reported on a responsible sourcing policy includes details about sourcing practices, supplier assessments, compliance with ethical standards, and any violations or corrective actions taken.
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