Supplier Code of Conduct
To reinforce our dedication to ethical business practices and promote the same values among our business partners, we recently adopted a Supplier Code of Conduct. The code outlines minimum standards that we expect our suppliers to follow in relation to social, environmental and ethical issues to ensure that working conditions at our suppliers and subcontractors are safe, that workers are treated with respect and dignity, that manufacturing processes or similar activities are environmentally responsible, and that business is done in a legal and ethical way. The Supplier Code of Conduct applies to all actors of the chain of suppliers of B&B and its affiliated companies and specifies that any breach of the code shall be considered a breach of contract with B&B. To reinforce this, we have revised our purchase orders to explicitly state that suppliers are required to adhere to the Supplier Code of Conduct. We intend to monitor the compliance of our suppliers with this code and take appropriate measures to address any non-compliance, where appropriate.
Due Diligence Processes
In the context of the Act coming into force, we engaged with our suppliers to know more about their human rights practices. By fostering open and ongoing dialogue, we have sought to gather information about the measures and policies our suppliers have in place to safeguard and promote human rights within their operations. In 2025, we distributed a new questionnaire to our new international suppliers and to those whose answers to the initial questionnaire sent in 2024 were deemed insufficient or incomplete. This new questionnaire was distributed to suppliers who collectively represented over 80% of our imports in the fiscal year 2024 across all business segments. Additionally, to ensure comprehensive coverage, we sent a questionnaire to international suppliers representing over 80% of our imports for each individual business segment. If the initial responses were deemed insufficient, required further clarification for an accurate assessment, or presented a risk that needed further investigation, a supplementary questionnaire was issued. The primary aim of these questionnaires is to identify potential risks of forced labour and child labour and to take appropriate action where necessary. Based on our initial survey and responses provided by our suppliers at the date of this report, we were able to confirm that the majority of our main business partners have adopted a supplier code of ethics and/ or conduct emphasizing the obligation to comply with all applicable laws and to encourage ethical and fair dealings in all aspects of their business. In 2025 and beyond, we intend to perform on-site visits to any supplier that has been identified as having material risks of forced labour and child labour risks through our supplier questionnaire.
5. Risk Assessment & Remediation Measures
We have started the process of identifying risks of forced and child labour in our supply chains, but the process remains ongoing. Many of our suppliers are renowned companies with which B&B has had regular and close dealings over a long period, and these suppliers are generally committed to high human rights standards and have procurement policies in place that discourage the use of forced and child labour, obtained ethics-related certifications or conducted audits of their own suppliers.
B&B FCLA Report
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