GOVERNANCE | HUMAN RIGHTS
ACTIONS, PERFORMANCE, AND DEVELOPMENT
Our actions in 2022:
Performance and development 2022:
In relation to the reporting of performance and development in 2022, there are currently no measurable targets. Here, the goals for 2023 will aid FOM in setting the baseline for KPIs to be reported in this area.
INITIATIVES AND PLANS
Initiatives and plans for 2023:
We are aware that we as a company are responsible for our entire supply chain and thus have to expand our focus. In 2023, we will ask our tier 1 suppliers to share their Code of Conduct with us to ensure that their requirements in relation to human rights and workers’ rights are at acceptable standards. Where a Code of Conduct is not in place, we will ask them to sign our Code of Conduct. Additionally, we plan to enact formalized supplier due diligence processes in 2023.
To conclude, we will in 2023:
Ask our tier 1 suppliers to share their Code of Conduct with us or sign ours if one is not in place
Introduce formalized supplier due diligence processes
Draft updates for our Sales Terms in relation to having signed agreements for human rights