Policies in due diligence processes
Policies and procedures serve to keep your business running smoothly. MATERIALITY experts will develop and help implement key policies in your organization or improve existing ones. We will ensure that they are part of functional due diligence processes.
Appropriate policies are the basis for effective management of key sustainability issues. They should be based on a sound sustainability strategy and have ambitious but achievable measurable targets. They should also be translated into operational action plans.
When creating or improving policies and procedures, we make sure that they are practical. After all, they are designed to help you manage your business effectively. We tailor them to help you implement due diligence processes on a daily basis in accordance with the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.
The policies and procedures developed and implemented by MATERIALITY experts are to your company what the legal system is to a country. The Code of Ethics is equivalent to a constitution, policies are equivalent to laws, and procedures are equivalent to executive regulations. What is more, they are written in simple language, making them easy to understand and apply.
How will we work together?
Policy review
We will analyze the documents that currently regulate the functioning of your company and determine what needs to be changed, supplemented, or left unchanged.
Preparation of documents
Some policies just need to be supplemented or modified, while others need to be created from scratch. In each case, we will work directly with the people in your company who are responsible for implementing specific policies.
Scope of work
We most often deal with the Code of Ethics, the Code of Conduct for Suppliers, diversity policy, stakeholder engagement policy, and policies on specific topics such as biodiversity or cooperation with local communities. The detailed scope of work is always tailored to the needs of your company.
Practical implementation
We don't just create documents, we also provide guidance on how to apply them in practice. This takes the form of training courses, workshops, or communication materials that you can distribute within your company.
Results of cooperation
The result of our activities is the alignment of policies in key areas of Responsible Business Conduct (RBC) with due diligence processes. The codes, policies, or procedures that are developed are simple, practical to apply, and consistent with best practices used in companies.
What distinguishes our policies in due diligence processes?
clients for whom we have created or improved policies
Compliance of policies with UNGP and OECD Guidelines
Compliance with the basic requirements of the Minimum Safeguards
More information on developing policies in due diligence processes
Check related services
We identify the company's impact on human rights throughout the value chain.
We identify risks and opportunities related to climate change that affect the company's resilience.
We develop ESG strategies that are integrated with the company's business objectives.
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