PotlatchDeltic Corp Strengthens Supplier Relationships with New Conduct and Policy Guidelines

PotlatchDeltic Corp introduced a Supplier Code of Conduct and Human Rights Policy to ensure ethical practices and environmental compliance across its value and supply chain. The company emphasizes community involvement and corporate citizenship, but faces challenges in monitoring and enforcing compliance. From a financial perspective, this move could enhance its reputation and reduce regulatory risks, while from a market perspective, it aligns with growing consumer and investor demand for responsible corporate behavior.

PotlatchDeltic Corp, a leading provider of timber and wood products, has introduced a comprehensive Supplier Code of Conduct (Supplier Code) and Human Rights Policy to ensure ethical practices and environmental compliance across its value and supply chain. This initiative underscores the company's commitment to sustainability, community involvement, and corporate citizenship.

The Supplier Code and Human Rights Policy outline clear expectations for suppliers and contractors, emphasizing adherence to forestry regulations, environmental laws, and human rights principles. Key contractors in PotlatchDeltic's timberlands and wood products facilities are provided with these documents and required to verify compliance. Additionally, training sessions are conducted to ensure understanding and adherence to these policies [1].

Healthy, sustainable timberlands are crucial for PotlatchDeltic's business and the communities in which it operates. The company expects its supply chain partners to follow and implement all forestry regulations and best management practices, including water quality, wildlife, and biodiversity protection. Contractors and suppliers must comply with federal, state, and local environmental laws and any best practices adopted by PotlatchDeltic to prevent environmental incidents [1].

At its wood products facilities, suppliers and contractors must follow all laws and support PotlatchDeltic's commitment to reducing air emissions, water use, energy consumption, and waste. Contractors and suppliers have the right to report environmental compliance concerns through local management or a dedicated Hotline [1].

The company also emphasizes respect for human rights and ethical treatment of workers, including migrant workers. Harassment and abusive behavior are prohibited, and compliance with laws regarding working hours, wages, child labor, and the prohibition of forced labor is expected. The safety and health of team members and contractors are core values, achieved through a commitment at all levels [1].

PotlatchDeltic takes its governance principles seriously, ensuring ethical and transparent business operations. The company expects the same from its suppliers and contractors, who must comply with all applicable anti-corruption and antitrust laws. Company assets and information accessed must be protected, and bribes or kickbacks are prohibited to secure or retain business [1].

From a financial perspective, this move could enhance PotlatchDeltic's reputation and reduce regulatory risks. It also aligns with growing consumer and investor demand for responsible corporate behavior. However, the company faces challenges in monitoring and enforcing compliance across its extensive supply chain [1].

References:
[1] https://www.morningstar.com/news/accesswire/1058353msn/how-potlatchdeltic-works-with-suppliers-and-contractors
[2] https://finance.yahoo.com/news/potlatchdeltic-works-suppliers-contractors-135500252.html