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Key messages: Compliance is a starting point but managing sustainability should be key to your business objectives and procurement processes; consider the gaps you currently have in managing your sustainability risk and make a decision to improve one key aspect
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YOUR HEADING
HERE10 .05 .2011
Sustainability risk, compliance, and
opportunity
Colleen Theron, CLT envirolaw
May 2014
Some clients
Case Study
• What are some of the issues raised in this case study?
What boards need to know
Key issues to consider
• Disclosures –labelling
• Packaging waste
• Waste disposal
• Recruitment process
• Labels and certifications
• Human rights and supply chains
Starting points • Understand the risks
• Ensure legal compliance can be demonstrated– sustainability legal register
• Develop a policy
• What about codes of conduct?
– Avoid liability
– Start conversations and improve collaboration
• Training to remain in compliance
Moving towards best practice
• Sustainable procurement practices - supplier categorisation and selection process
• Due diligence
• Stakeholder engagement
• Reporting
• And remember: prioritise issues based on risk and materiality considerations
