SAS is a boutique Corporate Social Responsibility company working with corporations across the Asia Pacific to meet their ethical and sustainable sourcing obligations, locally and globally– to integrate social and environmental and governance practices into your business operations.
Businesses who don’t give focus to their sourcing practices to ensure ethics and sustainability run the risk of massive consumer backlash, as well as breaching their regulatory obligations. It is important to point out that legal requirements are intertwined with Ethical Sourcing and Corporate Social Responsibility. These areas only govern part of best practice, but they can easily segway into inter-related legal risk in the areas such as Australian Consumer Law and the Trade Practices Act.
Of importance, compliance with legal obligations may not satisfy a Senior Managements’ social obligations in respect of ethical sourcing best practice. For example, it is not a legal obligation for most companies to produce an ethical sourcing report. However, such a report may provide guidance for best practice, alignment with community expectations and significantly reduce reputational and potentially related legal risk. To proactively manage these risks, we always recommend the creation of robust corporate social responsibility and ethical sourcing policies to ensure they align with the company’s overall strategic objectives and risk management practices. Meaning the procurement process respects international standards against criminal conduct and human rights abuses, responding to these issues immediately if identified.
Savvy consumers keep themselves informed, increasingly they are demanding organisations adhere to ethical sourcing programs in delivering their products and services. .
Consumers want to know the businesses where they are spending their money are ethical.
They don’t want to support:
Under payment issues
Health and safety issues
Or any of the vast range of issues that fall under Corporate Social Responsibility.
Assurance that protects brand reputation.
Corporate Social Responsibility practices provide that level of assurance, which in turn protects brand reputation and enables consumer confidence and is underpinned by international legal legislation including the California Transparency in Supply Chain Act of 2010, the Modern Slavery Act Australia 2018, Declaration of Human Rights, UN Guiding Principles on Business and Human Rights, Executive Order 13627 – Strengthening Protection Against Human Trafficking in Persons in Federal Contracts, International Labor Organization and Ethical Trade Initiative Base Code.
Of particular legal importance currently is the commencement of the Australian Modern Slavery Act (Commonwealth) (2018) as of the 1st January 2019. This means in order to comply with the Act your first Modern Slavery Statement is due post 30th June 2020 depending on your financial year. The statement requires approval from the Board of Directors and sign-off by a Director. Essentially this means you need to consider ways your entity may be adversely impact human rights through your operations and supply chains.
Ethical sourcing should be easy, visible and sustainable.
We’ve worked with global clients including Wesfarmers, Woolworths, Coles, Nestle, Kellogg's, HBI and Amazon and we have a deep understanding of the international ethics and sustainability landscapes and their impact upon local business.
Bottom line- we help business navigate the minefield that is ethical sourcing.
We want to help you future proof your business with ethical and sustainable strategies. Find out more by contacting us.