All suppliers are required to comply with the Fortune Brands Supplier Code of Conduct [PDF 52KB]. For supply chain partnerships in developing countries, Fortune Brands provides support to help our business units evaluate a new opportunity or existing partnership.
The Company uses a risk-ranking tool to understand how well a developing-country supplier matches our standards and helps determine audit due diligence. The tool scores suppliers on key attributes, such as percentage of business and type of product being purchased. Results from self, internal or third party audits are maintained.
Suppliers who show areas for improvement are then tracked for corrective action. Suppliers who fall below our standards and do not have the capacity or desire to make necessary adjustments are removed from consideration.
This risk-ranking tool and supporting audit process allows the Company to focus its time and resources on partnerships that adhere to the same strict standards we set for ourselves.