Supplier Standards of Conduct
We expect our suppliers to comply with our Supplier Standards of Conduct, which supplement our Code of Business Ethics and incorporate the principles of our core values and the United Nations Global Compact Ten Principles. These Standards are part of our sourcing and contracting process, and we have adapted them for some supplier spend that is not managed by Procurement, such as real estate vendors.
Our intent is to do business only with suppliers who agree to the Standards or provide proof that they have an equivalent document. To that end, in 2010 we began to track and report the number of new Procurement-issued supplier agreements that include the Supplier Standards of Conduct. In fiscal 2011, 88 percent included the Standards; our goal for fiscal 2012 is to achieve at least 88 percent. This goal acknowledges that, while we are pleased with the inroads we are making, we recognize the challenges to institutionalizing consistent procurement procedures as we grow and expand into new geographies.