The TAG FLAG
By today’s definition, good business governance requires planning for long term viability and taking responsibility for the effects our business decisions make on our global and local environments, communities and economies.
The TAG FLAG program aims to identify and promote companies that strive for a fair and ethical balance between all aspects of the triple bottom line - People, Planet, Profit and highlight the level of corporate responsibility promoted by TAG contract holders and suppliers.
TAG FLAG Questionnaires
There are two questionnaires TAG Suppliers are required to complete - a Company Questionnaire and a Product Questionnaire.
Supplier answers are rated against worldwide best practice, with the data being used to compile profiling reports associated with each company and their products.
The profiling reports are designed to assist TAG members to improve their own good governance by understanding the operating practices of the business partners they engage with. By highlighting important operational practices and product metrics of TAG supply partners the TAG Flag assists TAG members in mitigating their own operational risks and promoting their own good business practices.
Comparison charts within the program also provide TAG members with a snap shot of how competing companies and products rate against each other.
The TAG FLAG questionnaires address a multitude of important facets of operations such as:
- resource management policies
- supply chains
- manufacturing protocols
- production and transportation policies
- human rights and labour practices
- human, economic and environmental risks
- overall corporate governance and impact responsibility
TAG FLAG Action Reports
On completion of each questionniare, the program automatically generates remedial action plans, generated from the data, to help TAG suppliers improve their operational performances and ratings.
TAG FLAG Tender Comparisons
The comparison functions within the TAG FLAG program also allows the TAG Commercial Development committee to compare competing category products and supply companies for the process of determining tendering contract outcomes.
For further information please contact Shahrin Leontarou - [email protected]