We also expanded the scope of the SRM program beyond tea and coffee to include suppliers of direct materials for the first time. Our focus on strong supplier relationships not only means we are engaging more suppliers in active management of their performance, it will also help us understand and ultimately reduce suppliers’ carbon emissions.
We continue to respond to the developing regulatory landscape around the European Union Deforestation Regulation (EUDR). A cross-functional team has been developing a process for compliance with the EUDR, work that will continue in 2025 and beyond.
We made good steps forward in Our People pillar and our approach to human rights due diligence (HRDD). We updated and rolled out a human rights policy and joined the United Nations Global Compact (UNGC), aligning our business with best practice. After conducting a business-wide human rights risk assessment, we published our salient risks and our summary approach to addressing them. We also continued to focus on the representation of women in management positions and developed Living Wage baseline assessments for each of our businesses.
As we look ahead, our focus is on delivering positive and lasting change backed by clear accountability. We will continue to improve our plans, including better defining our supplier carbon reduction roadmaps and finalizing our approach to good water stewardship. Supplier engagement will remain central in the year ahead, with increased focus on training and upskilling. Across Our People, meanwhile, our main focus will be developing a detailed roadmap to 2030 with aligned business plans to embed human rights due diligence.
I look forward to keeping you updated on our continued progress.
