Strong and robust corporate governance is a fundamental part of Lloyds International culture and business practices. To us, corporate governance means setting an example in how we conduct business, and we demand honesty and integrity of those who work with us. We will not do business if our standards are not met.
Directors and colleagues of Lloyds International are provided with corporate governance guidelines, which have been approved by the Lloyds International Executive Committee, and which set out roles, duties, and responsibilities. We also do the same for our suppliers, and a Supplier Code of Conduct is outlined below.
Lloyds International recognises that by acting in the best interest of all our stakeholders, together with our business partners, we can make a sustained, positive contribution to the economy and society.
Supplier Code of Conduct
The Lloyds International Australian corporate group of companies, including BOS International, Capital Finance and Lloyds Bank Corporate Markets consider many factors when selecting and appointing suppliers, consultants and or contractors who provide goods and services to Lloyds International. We expect our supplier's business operations to conform to recognised national and/or international standards, regulatory requirements and appropriate codes of practice. The business practices and actions of the independent entities that constitute our supplier community may impact or be perceived to impact upon the reputation of Lloyds International. To protect the good reputation of Lloyds International our suppliers are expected to work to the following corporate, ethical, social and environmental standards of conduct.
Corporate responsibility & ethical business practicesSuppliers are expected to:
- Comply with all national and local laws and regulations on bribery, corruption and prohibited business practices;
- Conduct business in an ethical, fair and courteous manner;
- Be able to provide documentation on social, ethical and environmental performance;
- Identify and provide timely and balanced disclosure of material matters concerning the goods or services provided by the supplier and or their 3rd party suppliers to Lloyds International;
- Declare any factual or perceived conflicts of interest that may impact commercial arrangements between the supplier and Lloyds International; and
- Adhere to acceptable business practices with their own suppliers, including the provision of timely payment and reasonable contractual conditions.
Operational practices which respect the rights of employees and local communitySuppliers are expected to:
- Show responsibility to the local communities in which they operate by conducting business operations in a manner that builds good relations and achieves a positive impact;
- Demonstrate a commitment to fair employment practices and human rights in accordance with prevailing international standards such as the UN Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the ILO Declaration on Fundamental Rights at Work and the UN Convention on the Rights of the Child;
- Provide a safe and healthy workplace for all employees under their care; and
- Provide a workplace that is free of discrimination, harassment or bullying.
Impact on environmentSuppliers are expected to:
- Comply with all relevant national and local laws and regulations relating to the environment and sustainable environmental practices.
- Have an environmental management plan which takes responsibility for goods and services throughout their lifecycle and minimises the impact of activities on the environment.
Risk ManagementSuppliers are expected to:
- Have a risk management framework which incorporates social, ethical and environmental risks into their risk management processes.
- Have a business continuity plan to minimise business impacts in the event of major disruption including an emergency response plan to minimise harm to employees, the local community and environment in the event of a site disaster.