The Monster Group’s Ethical Sourcing Policy
1. Purpose and Scope
The Monster Group is committed to sourcing practices that are ethical, sustainable, and transparent. This policy outlines the principles and expectations that guide our procurement process and our relationships with suppliers. It applies to all employees, contractors, and suppliers.
2. Policy Principles
- Human Rights: We are committed to upholding human rights. We will not engage with suppliers who employ forced labor, child labor, or unfair labor practices. All suppliers must adhere to the standards set out in the International Labour Organization’s (ILO) Core Conventions.
- Fair Labor Conditions: We expect all our suppliers to provide fair wages, reasonable work hours, and safe and healthy working conditions.
- Environmental Sustainability: We are committed to minimizing our environmental footprint. We seek to work with suppliers who demonstrate a similar commitment, including responsible management of natural resources and minimizing waste and emissions.
- Respect for Local Communities: We believe in supporting the communities in which we operate. We expect our suppliers to engage in practices that respect local cultures, contribute to economic well-being, and avoid causing harm to local communities.
3. Supplier Expectations and Compliance
- All suppliers are expected to comply with this Ethical Sourcing Policy and all applicable laws and regulations.
- Suppliers are expected to provide evidence of compliance upon request, which may include audits, inspections, or certifications.
- Non-compliance may lead to corrective action or termination of the business relationship.
4. Monitoring and Review
- We will regularly review and update this policy to ensure it remains effective and relevant.
- We will monitor supplier compliance through regular assessments and audits.
- We encourage reporting of potential ethical sourcing violations, which can be done confidentially and without fear of reprisal.