ISS AS
ESRS disclosure: S2-4_06
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- Provide a detailed description of your approach to addressing specific material negative impacts on value chain workers. Include any actions related to your purchasing or internal practices, capacity-building initiatives, engagement with entities within the value chain, or collaborative efforts with industry peers or other relevant parties. Additionally, outline how these actions manage material risks and pursue material opportunities related to value chain workers, and assess the effectiveness of these measures.
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Question Id: S2-4_06
We may indirectly have negative impact on supply chain workers through the business relationships we maintain with our suppliers as explained above. Our actions to address these potential indirect negative impacts are centered around our supply chain due diligence and assurance practices deployed through our Procurement function. Our supply chain policies described above are supported by a detailed set of internal procurement standards setting out requirements that our procurement and supplier engagement process must comply with. At the core is our risk categorisation of our suppliers. Our risk categorisation considers the type of goods and services provided, the environment in which goods and services are delivered as well as geographical risks and potential customer impact. From these criteria suppliers are grouped in high, medium and low risk categories, which determines activities undertaken during each supplier lifecycle phase: Vetting, Contracting, On-boarding, Operations and Off-boarding.
Report Date: 4Q2024Relevance: 65%