Code of Condust Audits
WHY IS IT IMPORTANT TO DEVELOP A CODE OF CONDUCT?
Consumers increasingly expect brands to demonstrate social responsibility right across the supply chain. By developing a Code of Conduct that all your suppliers must follow, the business achieves multiple benefits:
- Ensure all workers throughout the supply chain are treated fairly and ethically
- Become an attractive employer and increase employee retention
- Improve your brand’s reputation, while avoiding negative press
- Develop a competitive edge by demonstrating your ethical credentials to consumers
- Better workplace standards can lead to higher productivity and increased profits
Codes of Conduct define desired professional conduct according to a company’s mission and values. we provide dedicated Code of Conduct audits to measure performance and support compliance with these important benchmarks.
Today’s companies are well advised to have a Code of Conduct. It serves as an internal guideline to help employees consider ethical and compliance matters in decision-making. It also offers a public statement of the company’s commitment to high standards, reduces the risk of ethical misconduct and supports compliance with applicable legislation.
Falling within the broader category of social responsibility audits, Code of Conduct audits verify supplier compliance to company standards.
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WHAT IS COC – CODE OF CONDUCT?
A Code of Conduct (CoC) is a set of standards which govern corporate and business practices according to ethical and legal standards. By implementing a CoC, a company demonstrates its commitment to operate its business at the highest standards of ethics, exceeding legal minimums. Each brand and importer can develop its own CoC standard to which vendors are expected to comply, or they can adopt internationally recognised methods. Standards are usually customised to meet retailers’ requirements based on International Labor Organization requirements.