Consumer companies around the world are incorporating sustainability, business integrity, and brand purpose into their business operations. This can include procuring ethically sourced products, ensuring fair pay, or implementing diversity and inclusion initiatives. Brands also are investing in local communities and cultures, encouraging consumer recycling, and taking a stand on social, environmental, and political issues.
The Consumer team at Hogan Lovells has created the Business integrity for consumer companies publication which outlines best practices for consumer companies adapting to changing regulations and key issues for companies to consider, including:
- Sustainable sourcing and supply chain diligence and management
- Advertising claims and labeling with respect to sustainability and business integrity
- Employee health and safety throughout supply chains
- Social impacts
- Strategic communications regarding business integrity and brand purpose
Read more: Business integrity for consumer companies
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