Cosmetics Giant Shiseido Revises Procurement Policy to Focus on Sustainability

Cosmetics Giant Shiseido Revises Procurement Policy to Focus on Sustainability

BY  
Seneca ESG  
- February 17, 2022

Japanese cosmetics producer Shiseido released a new Group Procurement Policy, which expanded responsible procurement requirements for suppliers in key sustainability areas including environment and human rights, as reported by ESG Today on February 15. The new policy outlined a set of criteria for suppliers to follow, covering the prohibition of discrimination, abuse, harassment, forced labor, human trafficking, child labor, and the provision of safe work environments and healthy facilities. Additionally, the policy includes environmental protection standards in terms of biodiversity preservation, waste reduction, resource conservation, recycling, and pollution prevention.

The move came amid the Japanese government’s plan to draft guidelines for human rights due diligence as early as this summer, in a move to help enterprises detect and prevent human rights violations in their supply chains. The planned guidelines would provide best practices for probing potential rights violations and principles for evaluating risks. Under the guidelines, companies would be advised to require their suppliers to take corrective actions if there are instances of forced labor, otherwise, they should terminate collaborations with these suppliers. On February 14, Japanese beverage manufacturer Kirin Holdings announced it will withdraw from its business in Myanmar and abort its joint venture with a military-linked partner, as the country’s human rights situation has been deteriorating since last year.

Sources:

https://www.esgtoday.com/cosmetics-giant-shiseido-unveils-sustainability-requirements-for-suppliers/

https://asia.nikkei.com/Politics/Japan-to-set-human-rights-guidelines-for-companies

https://asia.nikkei.com/Spotlight/Myanmar-Crisis/Kirin-makes-painful-decision-to-exit-Myanmar-over-human-rights

今天就开始使用Seneca ESG工具包

监控投资组合中的ESG表现,创建自己的ESG框架,并做出更明智的商业决策。

Toolkit

Seneca ESG

感兴趣?立即联系我们

请填写右侧表单或直接通过以下邮箱与我们联系

sales@senecaesg.com

新加坡办公室

7 Straits View, Marina One East Tower, #05-01, Singapore 018936

+(65) 6223 8888

巴塞罗那办公室

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

台北办公室

77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414

(+886) 02 2706 2108

利马办公室

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377