The long-term sustainability of our business involves a sustainable supply chain. We believe that through our influence, we can reduce environmental and social impacts up and down the supply chain by aligning common goals and making better-informed decisions.
Our Supply Chain Sustainability Committee has undertaken an assessment of sustainability risks along our supply chain, including an evaluation of the impact and likelihood of those potential risks. The risks analysed included environmental risks, construction safety, materials sourcing, human rights violation, industrial action, timely payment of wages, under-age labour, corruption and law enforcement.
In line with our corporate values, we favour suppliers who integrate sustainability principles into their business decisions and processes. We issue our suppliers with our Supplier Code of Conduct, which outlines our minimum expectations in this area. We are exploring processes for monitoring and verifying compliance with our Supplier Code of Conduct.
We aim to lead by example through our own procurement practices. We have implemented a range of initiatives in responsible sourcing; including sourcing paper products accredited by the Forest Stewardship Council (FSC) and offsetting the greenhouse gas emissions from our business travel through Cathay Pacific’s ‘FLY greener’ carbon offset programme.