The Cost Less Food Company is committed to lawful and ethical business practices that demonstrate our core values of integrity, respect, responsibility and commitment to our employees, our customers, and the communities we serve. Our sense of community and corporate citizenship extends beyond those cities and towns in which we are located, to the larger global community we all share. It is with this greater sense of community that we are developing policies and practices that support the eradication of slavery and human trafficking.
The Cost Less Food Company expects its vendors, distributors, and business partners to adhere to the same high standards of ethical and legal conduct. We are putting in place a more in-depth vendor assessment and approval process that will include self-verification of the vendor’s compliance with anti-slavery and human trafficking regulations.
Each of our vendors will also be required to certify that any materials incorporated into the products they supply to The Cost Less Food Company, do comply with applicable laws regarding slavery and human trafficking.
The Cost Less Food Company wants to ensure that its managers and employees, in particular those with direct responsibility for its supply chain, better understand how to evaluate and identify risk in this area. We will be developing and implementing training that will broaden this awareness, and provide knowledge of how to help mitigate such risks.
The Cost Less Food Company does not currently conduct audits of its vendors to monitor their ongoing compliance with The Cost Less Food Company's policies and standards. Once these programs are fully developed, however, The Cost Less Food Company will maintain internal accountability for both our employees and our vendors, and impose penalties on those who violate these standards.