Chorus to focus on ethical supply chain

Company News

by Katrina Bullock

Telecommunications infrastructure provider, Chorus (ASX:CNU) has committed to working with service companies, Visionstream and UCG, to create a fairer supply chain.

This follows an independent review undertaken by MartinJenkins on Chorus’ behalf after the Labour Inspectorate identified a number of employment law violations among small businesses subcontracted to Visionstream and UCG.

The report found that as the proportion of migrant workers increased, the model became more vulnerable to risk and this was not well understood or managed by Chorus, Visionstream, or UCG.

Chorus will implement a number of responsive measures including publishing and educating suppliers on a Supplier Code of Practice; providing ongoing reports to government and industry; requiring each of its service companies to appoint an independent auditor who will conduct assurance and reporting on sub-contractor compliance with labour law; and establishing a trust fund for certain eligible workers who are unable to secure payments due from their employer.

Shares in Chorus (ASX:CNU) are trading 0.36 per cent higher at $5.65.
 

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.