Honest and Fair with Customers and Suppliers

Treats suppliers fairly, pays promptly what it owes and expects its suppliers to do the same

  • Are terms of trade (both written and observed), including payment terms with suppliers, designed to maximise the well-being / power of the organization or is there sufficient regard for the well-being and sustainability of the suppliers?
  • Are suppliers expected, and enabled to, promote similar fair terms of trade throughout their own supply chain?
  • One communications company decreased the global payable days substantially after realising the current practice wasn’t fair to suppliers.
  • Those companies with the lowest payable days in the FTSE 100.