At Lowe’s, we’re driven by a single purpose— to help people love where they live. As part of our purpose, we are committedto protect our brand and our corporate reputation.
Lowe’s Vendor Code of Conduct is thefoundation of the Lowe’s Social Accountability & Environmental (“SAE”)Program. Currently the SAE Program is executed by auditing Direct and IndirectImport Vendors’ factories and factories producing Lowe’s Private Brandedproducts sourced domestically but manufactured outside of the U.S. and Canada(Vendor is the importer of record).
Over the past two years, we have partneredwith The Home Depot (“THD”) and developedone single audit template named RetailEthical Sourcing Assessment (“RESA”). The goal of developing the single audittemplate is to avoid imposing the added cost of having to conduct multiple auditson THD’s and Lowe’s vendors where the same factories are being used.
This new RESA audit template will beeffective for all SAE audits conducted on or after March 1, 2017. At the timeof audit scheduling, please inform Lowe’s appointed 3rdparty serviceprovider if an audit conducted by THD using the RESA template is on file. Ifso, Lowe’s will obtain a copy of the audit report and all relevant correctiveactions related document from THD directly and not conduct any additional SAEaudits. Please note that as Lowe’s vendors, you are obliged to comply withLowe’s Vendor Code of Conduct during SAE audits conducted by THD or Lowe’s,including but not limited to, Section 7 – Acceptance of Gifts and Benefits,Section 14 – Anti-Corruption, and etc.
We are truly excited about this newinitiative as it will pave the way in reducing SAE audit fatigue at thoseshared factories.