Poverty Footprint+Fair Trade Mechanism
1

Fair Trade Mechanism

Does the company have a mechanism to ensure that small-scale suppliers and/or distributors are paid a fair price for goods, services, and/or crops supplied to the company?
Company
Industry
Project
search
Year
Answer
Filtered answers
112 Known
+ 164 Unknown
= 276 Total results
Companies Values
CIE Automotive SA+Image
CIE Automotive SA
Spain
Yes.
2016
Aberdeen Asset Management+Image
Aberdeen Asset Management
United Kingdom
yes, they have a pricing commity.
2017
INA - Industrija Nafte d.d. Zagreb
Yes, surveys
2016
Ferrovial S.A.+Image
Ferrovial S.A.
Spain
Yes, FERROVIAL IS A MEMBER OF THE UN ADVISORY GROUP FOR THE PROMOTION OF THE SUSTAINABLE DEVELOPMENT GOALS (SDG).
2016
BT Group+image
BT Group
United Kingdom
Yes, BT group ensures that all its suppliers and distributors are paid a fair price for goods and services as mch as their environmental behaviour reflects the one of the company.
2017
Prudential Financial+image
Prudential Financial
New Jersey (United States)
Yes, because the company says in its fact file that With offices in 16 countries1 , M&G is able to stay close to our customers and the intermediaries who distribute our products. Our open-ended retail funds are registered for distribution in 23 jurisdictions2 in Europe and Asia, while our institutional investment strategies are available to investors in many markets around the world, including North America.
2017
Bumitama Agri+image
Bumitama Agri
Singapore
yes they have Plasma Schemes
2016
TELUS+Image
TELUS
Canada
Yes TELUS is a member of the Supply Chain Management Association
2016
Petrofac+Image
Petrofac
United Kingdom
Yes - Petrofac aims to work with local suppliers where possible
2018
Investec+image
Investec
South Africa
Yes
2017
Sistema+Image
Sistema
Russia
yes
2016
Doğuş Otomotiv+image
Doğuş Otomotiv
Yes
2016
Telenor+Image
Telenor
Norway
Yes
2016
ENERGA SA+Image
ENERGA SA
Poland
Yes
2016
Campbell Soup+image
Campbell Soup
New Jersey (United States)
yes
2017
Royal Bafokeng Platinum+image
Royal Bafokeng Platinum
South Africa
Yes
2016
Bank Hapoalim+Image
Bank Hapoalim
yes
2016
City Developments Limited+Image
City Developments Limited
Singapore
Yes
2016
Bonduelle+Image
Bonduelle
France
Yes
2016
Bidvest+Image
Bidvest
South Africa
yes
2017

Export: csv / json

Metric Type
Researched
Designed By
Topics
Value Type
Free Text
Unit
Range
Options
Yes
Research Policy
Community Assessed
Report Type
Corporate Social Responsibility Report

About

This metric covers one of the requirements under PF indicator 1.11 of the Poverty Footprint Tool* concerned with livelihoods, which refers to the ability of people living in poverty to meet essential needs for themselves and their family, i.e., adequate food, housing, clothing, and healthcare, in the context of supporting and protecting their rights. Beyond earnings, it refers to the opportunity for individuals to pursue options for personal development, upward mobility, career development, and security.

It also highlights how a company’s value chain and its procurement, manufacturing, and distribution policies and/or practices influence the ability of people living in poverty to access good-quality employment, earn a living wage or sustain a business, and participate in the market.The indicator demonstrates how the Corporate Areas of the “5 by 5 Framework” may contribute to or impact poverty. In general, these indicators also suggest to companies areas or opportunities for improvement.


*It is important to note that this guide is for reference purposes only. It suggests indicators that project partners may consider, but it is not a complete or exhaustive list. As highlighted in the Poverty Footprint Guide, the project partners will determine the specific indicators to be used in a Poverty Footprint study, tailored to the company’s business model, industry standards, country/regional context, among other criteria (Please see the “Implementation Section” of the Poverty Footprint Guide for more information on how to identify indicators).
Methodology

For project partners who have set out to research this indicator, the Poverty Footprint guideline suggests the following methodology:

  • consider using secondary research to identify topics such as:

    • legal minimum wages and benefits entitlement to workers in the country of study

    • wage benchmarks (poverty thresholds, industry average, national average income, etc.)

    • commodity prices (as per market prices)

    • average household sizes (important to consider in living wage calculations)

    • existing living wage calculations

However, WikiRate researchers may review one of the following company statements using search terms like "fairtrade", "fair trade", "fair prices", and "local procurement" to determine whether the company in question publicly discloses if it has a fairtrade policy/mechanism in place:

  • Poverty Footprint

  • Corporate Social Responsiblity Report

  • Annual Report

  • Other reports or surveys

Please provide the following contextual information in a comment to the metric value:

  • any additional disclosure regarding supply chain disclosures, local vs. international procurement, etc.

  • the page number of the report where this information can be found