We aim to promote inclusive, ethical and sustainable procurement practices. With our substantial purchasing power, we expect, by creating long-term value for those with whom we do business and the communities in which we operate, to create long-term value for our shareholders.
We have over one thousand suppliers globally. They supply goods and services, including ships, aircraft, fuel, sugarcane, auditing, office supplies and uniforms. We use our purchasing power and our close relationships with suppliers in ways designed to meet the needs of our businesses and customers.
Sustainable procurement helps to manage risks, improve efficiencies and reduce costs. We aim to procure goods in a way that does not degrade the environment and to procure services only from those who are accountable for their workplace practices.
It is our policy to comply with all applicable laws and regulations relating to procurement. Our own general code of conduct covers procurement and includes relevant provisions about bribery and competition.
Our Supplier Corporate Responsibility Code of Conduct has been adopted by all our operating companies.
It sets out minimum standards with respect to:
Our SwireTHRIVE Sustainable Materials Working Group encourages consistent implementation of the supplier corporate social responsibility code of conduct by our operating companies.
We respect internationally recognised human rights in line with the principles and guidance contained in the United Nations Guiding Principles on Business and Human Rights. In 2019, we introduced the Swire Pacific Limited Human Rights Policy. This human rights policy is informed by the International Bill of Human Rights and by the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work. We comply with national laws where they conflict with human rights standards but still do our best to respect the latter. The policy addresses:
We need to purchase goods on competitive terms. But in doing so, we must take due account of labour standards, health and safety and the environment.
In addition to Swire Pacific’s supplier corporate social responsibility code of conduct, Swire Coca-Cola follows the supplier guiding principles of The Coca-Cola Company. These principles cover workplace policies, health and safety, human rights, environmental protection and business integrity. Swire Coca-Cola’s own major suppliers are audited.
Swire Coca-Cola shares knowledge with other Coca-Cola bottlers in Mainland China in order better to manage procurement. This facilitates the identification and selection of suppliers who follow appropriate procurement principles.
Cathay Pacific has developed a balance-rated scorecard for procurement to measure suppliers’ performance in six different areas: Costs, Innovation, Satisfaction, Quality, Assurance of Supply and Sustainability. With other members of the oneworld alliance, Cathay Pacific shares information about suppliers using the SEDEX supply chain platform. It is considering whether to continue to use SEDEX or to assess suppliers independently.
Cathay Pacific Catering Services has stringent procedures for supplier selection and ingredient procurement. Its Hazard Analysis and Critical Control Point (HACCP) team and its technical laboratory staff conduct regular audits of its food suppliers’ food safety systems.