CUSTOMER-CENTERED INNOVATION
INTRODUCTION
PEOPLE-FIRST CULTURE
OPERATIONAL EXCELLENCE
GRI INDEX
Supply Chain Management
PROMOTING SUSTAINABILITY THROUGH OUR SUPPLY CHAIN We expect suppliers to conduct their operations in a manner that protects the environment and complies with all applicable environmental laws and regulations. As part of our commitment to be responsible stewards of the environment, we take the following steps to reduce the impact of our supply chain and sourcing efforts: • Driving circularity by promoting efficient materials use, mitigating waste in packaging, and exploring recycling outlets for different materials • Mapping efficient routes and optimizing load size to drive energy efficiency and reduce emissions • Sourcing regionally to reduce emissions from transportation and support the local economy EXPANDING SUPPLIER DIVERSITY S&C’s sourcing strategies are based on S&C’s Guiding Principles, which help us identify opportunities to increase spending in diverse supplier categories. Our strategic aim also includes considering diverse suppliers in requests for quotes regarding our supply chain efforts.
We partner with suppliers that share our values and commitments to maintain a reliable and responsible supply chain. We prioritize suppliers that pursue continuous improvement and demonstrate focused efforts around diversity and inclusion, human rights, and environmental stewardship. Read about our efforts to reduce supply chain emissions in Emissions Reduction. Our Supplier Code of Conduct outlines our approach to supply chain management and is included in our contracts. Key principles include expectations on specific topics, including: • Brand and trademarks • Health and safety • Information confidentiality • Labor and human rights • Environmental responsibility • Diversity and equal opportunities • Accuracy of records • Compensation and working hours • Conflicts of interest • Payments, gratuities, and gifts We conduct screening processes to ensure potential suppliers align with S&C’s values. Our global sourcing and strategic supply chain team regularly conducts interviews, facility tours, financial reviews, and other assessments to ensure ongoing compliance.
Leading the Way in Supply Chain Sustainability S&C maintains membership in the Sustainable Supply Chain Alliance (SSCA), an organization of public utilities and suppliers that work together to advance sustainability best practices. In 2024, the SSCA presented S&C with a Leading Practices in Supply Chain Sustainability Case Study award at the organization’s annual Sustainable Sourcing Conference. This award specifically recognized S&C’s decarbonization strategy and efforts. Additional areas of focus in 2024 included: • Enhancing our approach to sourcing from diverse suppliers through access and insight from databases • Increasing proactive engagement in outreach efforts, including vetting more than 60 new suppliers and approving seven new suppliers • Developing actionable ways to increase our diverse spend in electronics, wire harness, stampings, machining, and sheet metal fabrication • Strengthening existing collaboration with diverse suppliers
S&C 2024 Sustainability Report
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