Governance
Sustainable supply chain management
We aim to protect the environment and ensure the rights and wellbeing of all individuals involved in producing our products. Working transparently with suppliers who share this commitment, we strive to foster long-term relationships within our supply chain, collaboratively addressing challenges and seizing opportunities. Including adherence to our Supplier Code of Conduct and the completion of the Supplier Sustainability Assessment in our supplier homologation process is relevant to sustainable supply chain management because it ensures that our suppliers are aligned with our sustainability goals and practices. By assessing their adherence to environmental standards and their commitment to ethical labour practices, we can minimise negative environmental impacts and promote social responsibility throughout our supply chain. This not only mitigates risks associated with non-compliance but also fosters a more sustainable and resilient supply chain ecosystem for the long term.
A sustainable approach to supply chain management supports our decarbonisation strategy, as we opt for local raw material suppliers whenever possible, reducing carbon emissions associated to transport. Additionally, we are also asking our suppliers to provide us with their product carbon footprint. This allows us to assess the environmental impact of the products we source and work towards reducing our overall carbon footprint. In 2023, we asked our critical suppliers, who account for 90% of our purchases of raw materials, to complete our Supplier Sustainability Assessment and sign our Supplier Code of Conduct.
So far, 71% of critical suppliers have adhered to our Code and completed our Supply Sustainability Assessment, representing 80% of our purchases.
Our principles for sustainable supply chain management
1 Transparency 2 Business integrity, honesty, fairness, and compliance 3 Privacy, protection of intellectual property, and confidential information 4 Respect for International Sustainability and Human Right Standards 5 Non-discrimination, under any circumstance
6 Prohibition of forced labour 7 Prohibition of child labour, promotion of family-friendly workplaces, and support of work-life balance 8 Ensuring fair and regenerative working conditions and employee wellbeing 9 Product quality: a recognised quality management system will be a positive criterion for supplier selection, such as the ISO 9001 certification 10 Environmental responsibility and circular economy: a recognised environmental management system will be a positive criterion for supplier selection, such as the ISO 14001 certification.
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OUR COMPANY
STRATEGY
CIRCULARITY
INNOVATION
ENVIRONMENT
GOVERNANCE
PEOPLE
ADDENDUM & GRI
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