Annual Report 2023

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Creating tomorrow’s solutions

Sustainability Along the Supply Chain

| GRI 2-6 | GRI 308-3.3 | GRI 414-3.3 |

With production sites in Europe, the Americas and Asia, WACKER procures goods and services from numerous countries. As a member of both the United Nations Global Compact and the chemical industry’s Responsible Care® initiative, we have long considered it vital that our suppliers fulfill generally accepted sustainability principles. Important aspects include social and ethical standards (especially human rights, working conditions, health and safety standards, responsible management of local resources such as water and energy, and environmental protection). These principles are anchored both in our terms and conditions and in our Supplier Code of Conduct. Furthermore, we ask all new suppliers whether they use a management system that meets the requirements of ISO 9001 (quality) and ISO 14001 (environmental protection) or those of certifications that exceed these standards, such as GMP (Good Manufacturing Practice).

WACKER has been a member of the Together for Sustainability (TfS) initiative since 2015. Launched by the chemical industry, this procurement initiative has developed a framework that allows member companies to audit and assess a supplier’s sustainability performance. Its uniform standards and processes ensure that results of supplier assessments and audits are credible and transparent to all TfS members; audit reports are shared within the TfS initiative. The TfS Academy offers training courses on relevant sustainability topics for all TfS members’ suppliers and purchasers. The head of our Corporate Procurement & Logistics department is a member of the TfS Steering Committee. During the reporting year, moreover, we were actively involved in implementing a common TfS standard for calculating product carbon footprints and specifically collected product carbon data from our suppliers in line with this standard.

The 2023 reporting year was the first time we took part in CDP Forest and achieved a score of C (on a scale from A to D, representing the levels Leadership (A), Management (B), Awareness (C) and Disclosure (D)). Registered CDP users can download the details.