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Purchasing Practices 2020/2021

The company is taking steps toward responsible raw materials sourcing. Further, it is adopting responsible purchasing practices in the first tier of its supply chains, which it demonstrates through disclosing quantitative data points and providing procurement incentives to first-tier suppliers to encourage or reward good labor practices.

Purchasing practices and pricing may both positively impact labor standards in the company’s supply chains and increase risks of forced labor and human trafficking. The company: (1) is taking steps toward responsible raw materials sourcing; (2) is adopting responsible purchasing practices in the first tier of its supply chains, which include planning and forecasting; (3) provides procurement incentives to firsttier suppliers to encourage or reward good labor practices (such as price premiums, increased orders, and longer-term contracts); and (4) discloses two quantitative data points demonstrating that it has responsible purchasing practices in place that address the risk of forced labor and human trafficking.


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