By sourcing our suppliers responsibly

As a trustworthy partner, we are committed to ensuring that we deal with suppliers who also recognize their responsibility to their employees and the communities they affect. We examine our entire value chain for opportunities to foster economic stability among our suppliers. We are committed to business practices that do not infringe on human rights and that are aligned to the various international standards for responsible business conduct, including the Universal Declaration of Human Rights, the International Labor Organization’s Declaration on the Fundamental Principles and Rights at Work.

 

Ethical business conduct

We use GrandVision’s Supplier Code of Conduct to clearly communicate our expectations and assess supplier performance through a variety of measures. We look to work with suppliers to ensure the continuous reduction of any negative impacts on people and society. The policy includes mandatory requirements on the observation of human and labor rights in business relationships with GrandVision, as set out in our Code of Conduct.

 

GrandVision ensures that all suppliers receive and acknowledge a copy of the Policy and clearly communicates the importance of ethical business conduct. We verify the alignment to the Supplier Code of Conduct and Social Compliance Standards through regular third-party audits, using a certified grading system. All employees engaged in procurement and with suppliers also have responsibility and accountability for compliance with this policy.

 

Centralizing local supplier contracts

GrandVision continued to work on managing the number of its suppliers in 2017. We partnered with 41 strategic suppliers of which 25 are from OECD countries (compared to 13 suppliers from OECD countries in 2016). Partnering with strategic suppliers enables us to manage the procurement of services and products centrally and with standardized GrandVision Supply Chain (GVSC) contracts, including our Supplier Code of Conduct. Of the suppliers from OECD countries, 80% (20 out of 25) countries signed our Supplier Code of Conduct, compared to 23%, or 3 out of 13 in 2016.

 

In 2017 the number of our strategic suppliers from non-OECD countries remained 13. The majority of our Exclusive Brand frames are produced in non-OECD countries, where potential risks are considered to be higher. By third-party certification we enforce responsible operations from our strategic suppliers.

 

Additionally, we also do business with many local suppliers in the countries in which we operate. The harmonization of many aspects of our business model has led to a further decline in the number of local suppliers by 13% for a total of 196 in 2017 (223 in 2016). Having fewer partners to negotiate with improves conditions for doing business and providing even more affordable eye care to the communities in which we operate. Of the remaining ‘local for local suppliers’, the majority provide our stores with non-core resources, such as furniture, office materials, etc.

 

 

 

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