Considering ethical issues
We are committed to maintaining high ethical standards, and we make sure that
our activities and those of our partners and suppliers are in line with our values
to act in a responsible and a sustainable way. We follow sector guidance and
best practice, including Charity Commission guidance and the National Council
for Voluntary Organisations' ethical principles. We have a duty under charity law
to maximise Macmillan's income and therefore our expenditure on charitable
activities. However, it is essential that we don't allow our relationships with
third parties to undermine our values. Our ethics policy puts people living with
cancer at the centre of our decision-making and we regularly review this.
Our policy and procedures help us manage ethical issues, such as deciding
whether to accept or refuse a donation, partner with other organisations, or
make an investment.
In 2023, we built on our ethical and responsible sourcing practices through our
procurement transformation work which looked at improving our due diligence
framework. In 2024, we plan to introduce a supplier risk assessment dashboard
as part of our ethical and responsible sourcing practices and will be reviewing
our ethics policy.
Recommendations from our interim Environmental, Social and Governance (ESG)
strategy suggest establishing stronger 'governance and principles to support
ethical decision-making principles and policies on funding, investments and
partnerships' and we plan to integrate this into the governance framework of
our new operating model in 2024.
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Environmental, social
and governance review
Financial review
Strategic report
Overview Financial statements Thank you