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Understanding and Commitment

  • Ensure consistent understanding of business ethics across the organisation at all levels
  • Continually enhance knowledge of all relevant laws and regulations in the countries in which the organisation operates, either directly or indirectly
  • Commit to eradicating unethical business practices including human rights abuses (such as modern slavery and child labour), bribery, fraud and corruption

Ethical Practice

  • Conduct all business relationships with respect, honesty and integrity, and avoid causing harm to others as a result of business decisions
  • Treat all stakeholders fairly and impartially, without discrimination or favour
  • Actively support and promote corporate social responsibility (CSR)
  • Avoid any business practices which might bring the procurement profession into disrepute

Professionalism

  • Use procurement strategies to drive unethical practices from the supply chain
  • Ensure procurement decisions minimise any negative impact on human rights and the environment whilst endeavouring to maximise value and service levels
  • Put ethical policies and procedures in place, regularly monitored and updated, and ensure compliance
  • Mandate the education and training of all staff involved in sourcing, supplier selection and supplier management to professional standards
  • Practise due diligence in all business undertakings

Accountability

  • Accept accountability and take ownership of business ethics
  • Foster a culture of leadership by example
  • Take steps to prevent, report and remedy unethical practices
  • Provide a safe environment for the reporting of unethical practices
 

Anti-Bribery and Corruption

  • Preci-Spark does not tolerate bribery or corruption in any form
  • Nothing is ever offered, given or accepted that is, or could be seen as, improperly influencing business decisions
  • No form of facilitation payments are accepted or offered
  • Breaches of this policy will be investigated, and proportionate action taken