Corporate Social Responsibility and Sustainability
- Commitment to Corporate Social Responsibility: a. The Supplier agrees to adhere to ethical business practices and conduct its operations in accordance with applicable laws, regulations, and international standards related to human rights, labor practices, environmental protection, and anti-corruption. b. The Supplier shall not engage in any form of forced or child labor, discrimination, harassment, or any other violations of human rights within its operations or supply chain.
- Environmental Sustainability: a. The Supplier commits to minimizing its environmental footprint by implementing practices that reduce greenhouse gas emissions, waste generation, and pollution. b. The Supplier shall comply with all relevant environmental laws and regulations and strive for continuous improvement in environmental performance.
- Supply Chain Responsibility: a. The Supplier shall ensure that its supply chain partners uphold similar standards of corporate social responsibility and sustainability. b. The Supplier agrees to disclose information about the origins of its products and materials, including any risks of human rights abuses or environmental harm in their supply chains.
- Transparency and Reporting: a. The Supplier shall provide regular reports on its CSR and sustainability initiatives, including progress towards established goals and targets. b. The Supplier agrees to cooperate with audits and assessments conducted by the Company or its authorized representatives to verify compliance with these terms and conditions.
- Ethical Business Conduct: a. The Supplier shall conduct its business with integrity, honesty, and transparency, and shall refrain from engaging in any form of bribery, corruption, or unethical behavior. b. The Supplier shall maintain accurate records and documentation related to its operations, including financial transactions and compliance with applicable laws and regulations.
- Continuous Improvement: a. The Supplier agrees to actively seek opportunities for innovation and improvement in its CSR and sustainability practices, including the adoption of new technologies and best practices. b. The Supplier shall collaborate with the Company to identify areas for enhancement and implement corrective actions as necessary.
- Compliance and Remediation: a. In the event of any violations of these terms and conditions, the Supplier shall promptly take corrective action to remedy the situation and prevent recurrence. b. The Company reserves the right to terminate the agreement with the Supplier if it fails to comply with its CSR and sustainability obligations or if it engages in serious breaches of ethical conduct.
- Governing Law and Dispute Resolution: a. This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising out of or relating to this agreement shall be resolved through arbitration in [Arbitration Venue] in accordance with the rules of [Arbitration Institution].
- Amendments and Waivers: a. No modification or waiver of any provision of this agreement shall be effective unless made in writing and signed by both parties. b. The failure of either party to enforce any right or provision of this agreement shall not constitute a waiver of such right or provision.
- Entire Agreement: a. This agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, and negotiations, whether written or oral.