ESG Report2025 v2 - Flipbook - Page 9
SMI: ESG REPORT 2025
GOVERNANCE
LEADING
RESPONSIBLY:
THE CORE OF OUR
GOVERNANCE
PILLAR
Responsible practices and
transparency
We are committed to building a robust
governance framework that promotes
accountability, ethical business practices,
and long-term sustainability. Focusing
on upholding ethical practices, fostering
transparency, and ensuring responsible
management across all aspects of our
operations. Key initiatives include:
• SMI’s Responsible Sustainable Partner
(RSPS) Strategy: Ensuring partners meet
our sustainability and ethical standards.
• Engagement with the value chain:
Strengthening collaboration for shared
positive impact.
• Sourcing with integrity: Committing to
ethical and transparent sourcing practices.
• Combating modern slavery: Eradicating
human tra昀케cking and slavery in our supply
chain.
• Compliance with laws and regulations:
Adhering to all relevant laws, regulations,
and standards.
• Responsible packaging: Using sustainable,
recyclable packaging to minimise impact.
• Ethical and transparent operations:
Upholding the highest ethical standards
and transparency in all operations.
Business governance
targets
Ethical sourcing:
Ensure 100% of suppliers comply with
SMI’s RSPS and Supplier Code of
Conduct by 2026.
Modern slavery and human tra昀케cking:
Focus on eliminating risks related to
modern slavery and human tra昀케cking
within our supply chain.
Compliance and regulatory adherence:
Maintain compliance with all relevant
laws and industry speci昀椀c regulations.
Sustainable partnerships:
Align with sustainable and responsible
business practices across our key
partnerships.
Transparent reporting:
Enhance transparency by publishing our
annual ESG report and RSPS Report
detailing sustainability, ethical practices,
and compliance.
Responsible packaging:
Transition 90% of our packaging to
sustainable, recyclable materials by
2028.
Stakeholder engagement:
Increase stakeholder engagement
e昀昀orts, ensuring regular communication
with 100% of our key stakeholders on
governance and social responsibility
initiatives.
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