What is Sustainable procurement?
Today, the sustainability discussion does not cover only company own operations, but the entire supply chain. Sustainable procurement, or responsible sourcing, brings many benefits to the company, including more reliable supplier relationships, cost savings, improved supply security, risk management, innovative solutions, and raw materials. By investing in the responsibility of the supply chain, also the so-called hard indicators of procurement, such as inventory management and on-time delivery, are often improved.
Various stakeholders are demanding transparency into the operations of a company. In addition to financial figures, social and environmental issues such as working conditions or the origin of the raw materials in the upstream of supply chain are of increasing interest to the public, investors, and customers. For the company itself, the ethics of operations can be an important reason to invest in sustainable procurement.
CREBONIT and sustainability in the Supply Chain
CREBONIT Procurement team is responsible for sustainable procurement. Sustainability is integrated into every procurement process. Sustainable procurement includes for example supplier selection, supplier evaluation and audits and various policies that guide operations such as the Supplier Code of Conduct. This policy takes into account issues related to labor rights, human rights, health, safety, anti-corruption work and the environment, and has been formulated with respect for the UN Global Compact and ILO International Labor Standards.
Our objectives of sustainable procurement
CREBONIT believes that what matters is how we act and make responsible decisions. We make sure that everyone who works in the field of procurement, but also our chemists who develop recipes and research raw materials, know our principles of sustainable procurement.
Our supplier network includes hundreds of very diverse suppliers, from large global companies to small, local companies. Most of our raw material suppliers come from Europe. We have set two group-level corporate sustainability targets for the supply.
The capabilities and resources of our suppliers to respond to sustainability inquiries or to report on this topic can vary widely. However, we always make sure that our suppliers act responsibly and in line with our requirements and our company values. We also secure our supply chain with supplier audits. In 2021, we will conduct a total of eleven supplier audits.