Polymer and textile specialist Teijin Limited has revised its corporate social responsibility (CSR) procurement guidelines in a move that specifies “more detailed efforts” regarding human rights and labour in supply chains.
The company says it is requesting suppliers comply with its new guidelines, and is promoting its initiatives in collaboration with them.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Teijin established basic policies for purchasing and procurement as part of building sound relationships with its suppliers in 2006. The company further established CSR procurement guidelines that are required for suppliers to fulfill its social responsibility in 2007 and regularly conducted surveys of its suppliers on such matters.
But according to the firm, the ongoing globalisation of supply chains has highlighted problems such as forced labour and child labour in developing nations, amid an increasing demand for responsible supply chains in collaboration with suppliers.
By referring to upcoming ISO20400 on sustainable procurement and other international standards, the new guidelines specify more detailed efforts regarding human rights such as forced labour, child labour and young workers, foreign workers, working hours and holiday. They also focus on wages and benefits for workers, discrimination, harassment and freedom of association.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
