Diamond Biofund teams up with suppliers to create sustainable enterprises. “The Supplier CSR Commitment Letter” has been formulated with reference to the related international initiatives and requirements, including the UN Global Compact, the Universal Declaration of Human Rights, and the UN Framework and Guiding Principles on Business and Human. All the suppliers are required to sign the Letter. The main contents of the Letter include the following sustainability-related items:
- Ethical operation, comply with business ethics, and avoid conflicts of interest.
- Prohibit the employment of child labor and forced labor.
- Protect basic labor rights, including the right to work, freedom of associations, and maintaining a workplace free from discrimination and harassment.
- Ensure proper working hours and conditions.
- Comply with occupational health and safety laws and regulations, and provide a safe and compliant work environment.
- Implement environmental protection policies and manage climate change.
- Improve the efficiency of energy and resource usage.
Sustainability Risk Assessment and Evaluation
In 2024, the "Supplier Management Procedures" were revised, and a new supplier self-assessment questionnaire was introduced. The updated supplier evaluation form now includes ESG assessment items such as environmental protection, labor conditions, human rights, and corporate governance, alongside the original criteria of cooperation, delivery times, raw material quality, and quality systems. These criteria will be used to assess supplier risks. The new evaluation was officially implemented in the second half of 2024, and the results will serve as a key basis for Diamond Biofund's future procurement strategy. For high-risk suppliers, Diamond Biofund will further investigate and conduct site visits, provide recommendations, and assist in improvements, working together with suppliers to create a sustainable environment.
Sustainability Risk Assessment and Evaluation