updated over 1 year ago by Karissa Guaman
Source
Comments
p.3 " Suppliers and partners should have adequate risk management systems and controls in place to
ensure compliance with the Code or agreed
equivalent standards"
p.4 "In 2022, we launched a supplier risk assessment toll to assess new suppliers in Goods & Services, replaces the country risk classification. The new tool is applied independently on new contracts and identifies appropriate risk mitigation based on product category, manufacturing country and spend risk. For high-risk suppliers, a full or tailored scope audit, focusing either on environmental social or governance dimensions is required."