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. However, we acknowledge our lack of visibility on our supply chain and our supplier's sourcing and the fact that the risk of forced labour and child labour in the industry exists, given that our supply chain, including those of suppliers, extends into regions potentially facing greater risk of forced labour and child labour. To date, we have not been made aware of specific instances of forced labour or child labour and as such, no remediation measures were necessary to remediate any forced labour or child labour or to remediate any loss of income to vulnerable families resulting from any such measures. As evidenced by our Code of Ethics and in accordance with our strong commitment to conduct business with integrity and fairness, any allegations, disclosures or discoveries of forced labour or work involving children in supply chains in contravention of Canadian laws will be taken very seriously by B&B and we will ensure that an investigation is conducted as soon as possible. In such a case and where required, we will apply appropriate corrective measures to remediate any identified risk.
6. Assessing the effectiveness of our approach
We continue our efforts to identify, assess, and address forced labour and child labour risks within our operations and supply chain. As such and in accordance with our Sustainability Policy, we have tasked the Senior Leadership Team with the oversight of the application of the Sustainability Policy, as well as reporting to the Board of Directors with regards to the Company performance on sustainability priorities. Alongside the work of the Senior Leadership Team, we continue to review our statements, policies, procedures, and practices periodically to determine whether any enhancements should be made to reinforce our commitment to prevent forced labour and child labour from taking place in our business and in any of our supply chains.
B&B FCLA Report
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