In terms of procurement, this means working to source goods and services produced in an environmentally and socially responsible way that positively influences behaviours in our supply chain.
We want to ensure that our procurement and other spending contributes to improving livelihoods and this includes managing risks that all businesses need to be aware of in their supply chain such as modern slavery.
Our approach to addressing modern slavery is part of our commitment to human rights, in line with the UN Guiding Principles on Business and Human Rights.
Find out more in our Modern Slavery Statement which was prepared in accordance with the Australian Modern Slavery Act 2018.
The Fonterra Palm Product Standard
In August 2016, we released the Fonterra Palm Product Standard which commits Fonterra to a higher standard of sustainability and more proactive and transparent monitoring of the palm products that we source globally. This standard was shaped in consultation with our stakeholders.