Responsible procurement is our programme to ensure that we, together with our suppliers, contribute to a more sustainable and responsible future. Leading by example we clearly state in our Sustainability Commitments 2030 that we place sustainability at the core of our business, which certainly includes our sourcing activities.
Find a brief presentation on responsible procurement in the Downloads area.
Our Sustainability Commitments 2030
Our main goal is to – in a first step - increase transparency throughout our value chain so we can fully understand and measure its social and environmental footprint. In a second step we then engage with suppliers on specific ESG focus topics like carbon emission reduction, human rights, environmental practices, occupational health and safety as well as corporate governance and compliance to continuously make this world a better place.
We measure the progress we are making towards this goal by our Supplier Sustainability Performance Rate KPI. The target is to have 80% of critical supplier spend confirmed with a green ESG rating.
We proactively manage sustainability risks along our supply chain and engage with suppliers to prevent risks and mitigate potential impact on an individual basis. If risks or violations are identified, we work closely with the supplier to address and resolve them. However, if all corrective measures fail, we reserve the right to end the business relationship.
Our Tools and Measures: