We are committed to delivering sustainable economic performance and generating attractive returns on investment for our shareholders through a number of ways .
An effective and sustainable supply chain helps to conserve resources and increase value. To this end, we apply stringent but fair and transparent procurement practices in our selection of suppliers.
Please visit to https://www.topglove.com/procurement/ for more details on our procurement practices.
Conducting due diligence on all new suppliers, for which anti-corruption and bribery practices is part of the pre-qualification self-assessment criteria
Requiring completion of the Letter of Enforcement of Corporate Culture (LECC) by new suppliers upon registration and also subsequent acknowledgements twice yearly
Gift, hospitality and entertainment declaration (if purchaser is in receipt of any) in compliance with Top Glove’s No Gift Policy
Distribution of Anti-corruption badges, which available in every meeting rooms, to suppliers and visitors once a year or upon visiting as a reminder of Top Glove’s Business Ethics: Honesty, Integrity and Transparency.
Implementing a Supplier Survey that enables suppliers to rate Top Glove’s anti-corruption initiatives and purchasers’ professionalism
Suppliers are invited to participate in Top Glove’s anti-corruption-related events
Anti-corruption briefings to suppliers during our intermediary engagement event: SAP Ariba Summit
Involving various departments in selection and approval of vendor/contractor tendering.
Involving a few levels of approver in any purchase of material.
Letter of Enforcement of Top Glove’s No Gift Policy is send to visitors, suppliers, customers, contractors, bankers and business associates.
As the world largest manufacturer of gloves, we provide a wide range of products to cater different customer needs. We invest in research & development for product innovation to ensure we to deliver the consistently high quality products at an efficient low cost to our customers in line with our Business Direction. In June 2019, we also joined the green movement with the launch of biodegradable nitrile gloves.
We engage with our customers frequently to understand their requirements and ensure utmost customers’ satisfaction. Engagement channels employed include a yearly customers satisfaction survey, frequent customer visits to our office and factories as well as meet-ups during trade shows. These would enable us to gather feedback and insights from our customers with a view to improving our product quality and service delivery.
With the organization’s new public commitment in sustainability, this is a new risk area for the organization to ensuring that the updates of ESG-related strategies, goals and metric are accurate and relevant. Internal Audit acts as an advisory capacity by adding value to management through providing independent, objective assurance and advice in the context of reviewing of sustainability commitment.
As part of our continuous effort to improve the quality of work in Top Glove, together with the growing need for internal audit engagement in ESG areas, our Board of Audit Committee has approved Internal Audit plan which includes several ESG audits.
Internal Audit has initiated the audit of Responsible and Ethical Marketing in 2021 and has intended to carry out the audit on a regular basis to ensure consistency towards aligning the best practices. Our audit in the primary stage has mainly focused on Responsible Communication with specific goals in mind to ensure promotion of ethical and professional marketing practices by our marketers.
Findings identified from the audit are reported internally among the team to discuss plausible action plans to mitigate any risks identified through the audit. Along with the organization’s effort in its growing sustainability movement, Internal Audit strives to provide independent, objective assurance to the Board and Management on reporting metrics for relevancy, accuracy, timeliness, and consistency of ESG.
We support relevant industry associations through active membership participation which enables us to keep abreast of the latest industry trends towards maintaining our leadeship position.
We are member of: