Companies

Shiseido Announces Policy, Requires Suppliers to Adhere to Sustainability

Published on: 16 February 2022 12:10 PM
by KnowESG

A Brief Summary

Shiseido, a Japanese company, announced the launch of a new Group Procurement Policy, which includes requirements or practices that suppliers must follow in key sustainability areas such as environment and human rights.

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The new policy emphasises the need for supplier evaluation criteria, where suppliers have to enhance their sustainability performance with due regard. The policy requires suppliers to agree to a set of criteria from proscribing discrimination, abuse, harassment, forced labour, child labour, human trafficking to a safe working environment and healthy facilities.

Some of the other criteria in the policy include environmental protection, biodiversity preservation, waste reduction, recycling, resource conservation, pollution prevention and reduction of CO2 emissions.

Shiseido will conduct a supplier assessment before it works with new suppliers to ensure that they do not belong to the high-risk category. The firm will also evaluate existing suppliers regularly.

If some suppliers are identified as high risk, they would be given time to correct themselves. The firm will suspend its business with those suppliers who do not follow conformance.

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