Statutory Section
We've made strides to enhance the efficiency and sustainability of our supply chain. We've improved our sourcing process by enhancing supplier management and utilizing tools like SRSA. Additionally, we employ data analytics to forecast demand accurately. We optimize transportation routes and automate warehouse operations for smoother logistics. These efforts seek to ensure a more streamlined and sustainable supply chain, benefiting both our business and the environment. Our on-going efforts to improve our supply chain efficiency include:
By improving relationships with suppliers and how things are managed, we ensure that our supply chain works in alignment with our goals, leading to better reliability and responsiveness, which helps us perform better. Since 2018, over 58 supplier sites have been risk assessed and audited.
Our Supplier Responsible Sourcing Assessment (SRSA) Program mitigates risks and promotes transparency, improving the overall efficiency of our supply chain and enhancing our company's reputation. Suppliers undergo audits based on risk assessments to maintain compliance with our standards.
In FY 2023-24, we evaluated 66 suppliers who contributed to 73% of our total direct material spends based on environmental and social criteria.
We support a vision of a future without deforestation. We are committed to sourcing forest commodities from responsibly managed forests. We have an overarching No Deforestation Policy that applies to the three key forest risk commodities we source in India – Palm oil, Soy, and Pulp and Paper Packaging.
We uphold human and labor rights, aligning with the United Nations Universal Declaration of Human Rights and International Labor Organization (ILO) Core Labor Standards. As a member of the Consumer Goods Forum (CGF), Colgate-Palmolive Company, USA endorses its Social Resolution on Forced Labor and Priority Industry Principles and believe that every worker should have freedom of movement, no worker should be required to pay for a job, and no worker should be indebted or coerced to work.
