Processes and Tools
All key suppliers must demonstrate a positive sustainability performance at regular intervals (at least every three years). These defined key suppliers cover more than 80 percent of the entire global procurement volume. Their sustainability performance must be demonstrated either in the form of an EcoVadis assessment with a minimum score of 46 and/or a TfS audit with no findings. All of our key suppliers must fulfill this minimum requirement by 2030. We follow up on our targets in monthly management reports.
In addition, we assess further suppliers that were identified based on an annual risk analysis.
In the event of unsatisfactory results, we consult with the supplier involved and agree on action to be taken to make improvements. We follow up on progress and status with supplier talks as part of the annual supplier evaluation, with reassessments or follow-up audits. Results and actions are recorded and tracked in an internal WACKER dashboard. Consistently poor results and lack of cooperation have consequences and may ultimately lead to business relations being terminated.