Due diligence obligations
Assuming corporate responsibility out of conviction and tradition
Transparency and Accountability in Our Own Operations and in Our Supply Chain
As an internationally oriented company in the textile sector, mey is aware of its special responsibility throughout the entire supply chain. For us, exercising corporate due diligence is not a legal obligation, but an expression of our convictions and is deeply rooted in our corporate culture.
Our Policy Statement and our Code of Conduct form the foundation for our responsible conduct. They incorporate internationally recognised standards and guidelines on human rights and working conditions, such as those set out by the ILO, the OECD and the United Nations. Upon entering into a business relationship, all partner companies undertake to comply with our Code of Conduct. Implementation is regularly reviewed and further developed through audits, supplier meetings and as part of our risk management process.
As part of our risk management, we assess our business activities and our partner companies against the OECD sectoral risks for the textile and footwear industries, in order to understand where actual or potential risks to human rights or environmental standards exist and could lead to negative impacts. If we classify identified risks as material, we undertake to adopt and implement appropriate measures to mitigate negative impacts and protect the rights of those affected within our supply chain.
Our grievance mechanisms also form part of our risk management system. Should risks, despite our best efforts, go undetected, we encourage our stakeholders to use these mechanisms to bring potential or existing issues to our attention.
