Sandvik Group is taking a leading role in weaving sustainability into its supply chain management. Emphasizing the importance of preserving the environment and embracing social responsibility, the company is determined to minimize negative impacts and foster positive change. Central to this strategy is the implementation of their Supplier Code of Conduct, which mandates adherence to ethical, environmental, labor, and human rights standards by 2030. This initiative underlies Sandvik’s commitment to sustainable practices that extend beyond their immediate operations and into the broader network of suppliers. It’s a reflection of their understanding that responsible resource management is essential for a sustainable ecosystem within which businesses operate. Sandvik’s approach highlights a dedication to a sustainable procurement process that leverages their global influence for the betterment of society and the planet.
Building Sustainable Supplier Relationships
Building strong, sustainable relationships is at the core of Sandvik’s approach to supplier management. By prioritizing honesty, trust, and collaboration, the company promotes a culture that aligns with its sustainability values. The relationship with suppliers transcends mere transactions; it’s a partnership based on mutual sustainability goals and continuous improvement. Sandvik has put in the work to create a robust global Procurement Policy that supports these relationships, emphasizing adherence to stringent sustainability requirements. This policy is not just a statement of intent but a framework for action. Sandvik assesses suppliers regularly, ensuring they meet the company’s standards. A leading tool in their assessment arsenal is the partnership with EcoVadis, which specializes in impartial sustainability ratings for businesses. Through this collaboration, Sandvik can effectively manage risks and monitor the sustainability performance of the entire supply chain.
Responsible Sourcing and Continuous Improvement
Sandvik is deeply committed to sustainably managing its supplier network, focusing intently on responsibly sourcing minerals and metals. These materials are crucial to their manufacturing operations, and Sandvik ensures their procurement doesn’t fuel conflict or result in human rights violations or environmental harm. They adhere to stringent global ethical sourcing standards to maintain their reputation and integrity.Recognizing the necessity for ongoing refinement in their practices, Sandvik examines high-risk suppliers with a critical eye. External audits are often deployed to guarantee adherence to their Supplier Code of Conduct, illustrating a robust approach to corporate responsibility. Such diligent oversight signifies Sandvik’s dedication to further shaping a more sustainable and accountable global presence in the ever-evolving business sphere.
