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Document

5.2 Incorporating wage and cost increases

The purchasing company gives due consideration to price increases from suppliers that occur due to...
Document

5.1 Prices that cover responsible business conduct

Articles 8, 10, 11 & 12
Document

Principle 5: Sustainable costing

Focuses on ensuring that purchasing decisions reflect the costs required to uphold living wages and responsible business conduct.
Document

4.8 Supply chain tiers/intermediaries

The purchasing company seeks to promote fair payment terms through the full length of the supply chain...
Document

4.7 Aiming to reduce penalties

The purchasing company aims to minimise fines and penalties...
Document

4.6 Mutually agreed reasonable penalties

If the purchasing company has penalties for suppliers...
Document

4.4 Financial commitment

Payment terms are mutually agreed, before orders are placed and before the supplier takes on any order-related costs or risk.
Document

4.3 On-time payments

The purchasing company has systems in place to ensure and monitor on-time payment, in line with what involved parties have agreed upon.
Document

4.2 Agreement on mutual contractual responsibilities

The purchasing company and the supplier enter into a mutual, written agreement, including contractually binding responsibilities...
Document

4.1 Responsibly negotiating contractual assurances

The purchasing company negotiates supply contracts to meet production requirements while prioritising fair labour conditions...

Pagination

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