As seen in The Wall Street Journal

LaSource Sustainable Procurement Policy

At LaSource, our unwavering commitment to always do the right thing for our clients, our people and our communities. We are committed towards social impact and strive for sustainability across every function, including sourcing and procurement.

Through this procurement policy, we intend to make our operations more sustainable by:

  • Upholding the laws and regulations of the respective countries we operate in
  • Endorsing highest standards of economic, social, ethical and environmental practices
  • Identifying and moderating risks associated with our procurement process
  • Communicating the policy with stakeholders and raising awareness among our suppliers

In accordance with our commitment to the highest standards, we also expect our suppliers to aspire to the same standards in their business operations, including but not limited to:

 

Environment:

  • Comply and adhere to all the applicable environmental laws in respective countries/jurisdiction
  • Undertake initiatives to promote greater environmental responsibility such as:Responsible waste management and disposal, reduction of greenhouse gas and other emissions harmful to the environment, conservation of non-renewable natural resources

 

Labor and Human Rights:

  • Comply with all applicable laws, in accordance with the principles of the International Labor Organization, the UN Global Compact and the UN Universal Declaration of Human Rights
  • Prohibit child labor across the supply chain
  • Prohibit unlawful discrimination and harassment to provide a safe and inclusive work environment

 

Business Ethics:

  • Obey all relevant international and domestic laws regarding ethical business practices
  • Demonstrate existence of procedures to prevent:Money laundering, fraud, bribery, corruption, conflicts of interest, data security issues

 

Community Development:

  • Starts with our employees by providing employees with a living wage, at a minimum
  • Partner with the local communities to improve the education, cultural, economic, and social well-being of communities which they operate in

We understand that procurement performance improvement is a continuous process and recognize the contribution of our suppliers in our journey to become more sustainable.

For any grievances or suggestions regarding sustainable procurement practices, please write to procurementleads@thelasourcegroup.com. Strict confidentiality will be maintained.