8 Sourcing for Shared Value
Sourcing for Shared Value Our business depends on natural resources and the communities who grow them: Sourcing for Shared Value brings new advantages to all involved. We are committed to ensuring that our raw materials are sourced responsibly and we work with suppliers who demonstrate respect for people and the environment. We seek to bring long-term stability to both our supply chains and to the communities from which we source. Wherever possible, we source directly from producers, developing exclusive farming partnerships and collection networks.In collaboration with NGOs, other local partners and the communities themselves, we run a variety of projects around the world. From promoting schools and good agricultural practices to finding ways to mitigate climate change, we help strengthen the social, environmental and economic fabrics of these communities while supporting the continued successful growth and supply of the raw materials we rely on. We call our approach Sourcing for Shared Value because it brings new value to all who are involved in the sourcing of our raw materials. Givaudan’s approach to sourcing springs from a principled commitment to deal ethically and respect human rights wherever we have influence and do business. We naturally expect the same of our suppliers and seek to work with those who have strong business ethics and demonstrate respect for people and environment. Our approach is rooted in our Principles of Conduct, which in turn reflect initiatives including the United Nations Global Compact, a framework that targets, among other goals, the elimination of forced, compulsory and child labour. According to principles 7 – 9 of the Global Compact, we also expect suppliers to support a precautionary approach to environmental challenges, to take initiatives that promote greater environmental responsibility and to encourage the development and implementation of environmentally friendly technologies. We are committed to the Ethical Trade Initiative Base Code, which states that there shall be no new recruitment of child labour; that companies shall develop or participate in and contribute to policies and programmes that provide for the
Givaudan – Our Sustainability Approach
Our targets:
––All audited suppliers are compliant by 2020. –– 90% of our raw materials volume of natural origin is responsibly sourced by 2020. We aim to address the remaining volume by 2030.
transition of children from labour to quality education; and that people under 18 shall not be employed at night or in hazardous conditions. www.ethicaltrade.org/eti-base-code
As a member of the AIM-PROGRESS organisation, we follow its recommendations on human rights issues. Givaudan is also a member of the Natural Resources Stewardship Circle, which is strongly involved in defending human rights and labour standards, particularly in remote local communities. We comply with the California Transparency in Supply Chains Act (California Senate Bill 657), which requires retail and manufacturing companies to disclose the precautions they have taken or will take to eliminate slavery and human trafficking from their supply chains. Our commitment to eradicating human trafficking and slavery from our operations and direct supply chain is expressed through our compliance to the UK Modern Slavery Act (2015 Bill S.54).
