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4.6 Mutually agreed reasonable penalties
If the purchasing company has penalties for suppliers...
Displaying 261 - 270 of 1986
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4.7 Aiming to reduce penalties
The purchasing company aims to minimise fines and penalties...
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4.8 Supply chain tiers/intermediaries
The purchasing company seeks to promote fair payment terms through the full length of the supply chain...
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Principle 5: Sustainable costing
Focuses on ensuring that purchasing decisions reflect the costs required to uphold living wages and responsible business conduct.
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5.1 Prices that cover responsible business conduct
Articles 8, 10, 11 & 12
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5.2 Incorporating wage and cost increases
The purchasing company gives due consideration to price increases from suppliers that occur due to...
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5.3 Understanding the living wage gap
The purchasing company seeks to understand the gap between current wage levels and living wages.
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5.4 Costing strategy for living wages
The purchasing company works with suppliers to ensure prices paid allow for wage levels to be raised...
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5.5 Workers/workers representation
The purchasing company ensures the involvement of workers or their legitimate representatives to close the living wage gap.
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4.5 No retrospective changes
The purchasing company recognises the suppliers’ need for certainty as regards the risks and costs of trading...