K+S also expects suppliers to act responsibly
The K+S supplier portfolio comprises of suppliers for production and technology, logistics, IT, and general administration. We purchase both materials and services. We have set ourselves ambitious goals for focusing our supply chains on sustainable growth and developed a specific concept for implementing this focus worldwide.
We understand the different challenges faced by our global suppliers. Through collaboration, we are convinced that we can raise standards along the supply chain, promote sustainable practices, and create shared value.
To ensure compliance with our values throughout the supply chains, we expect our suppliers to commit to the values and principles of our K+S Group Supplier Code of Conduct. It covers human rights, employee rights, health and occupational safety, environmental aspects, and corporate citizenship.
We review our supplier management and perform a comprehensive risk assessment of our suppliers every year. A total of 99 percent of our contractual partners are based in OECD countries.
In our planned activities, the Code will be sent out to more suppliers in 2019. There are plans to develop a monitoring system to oversee suppliers’ compliance with the principles of the Code. If deviations are detected, a supplier development process will be introduced.
We aim to achieve the following targets by 2025
By 2025, the K+S Group Supplier Code of Conduct should cover more than 90 percent of our purchasing volume.
All of our critical suppliers, in other words, suppliers with a high sustainability risk, are required to commit to the K+S Group Supplier Code of Conduct by 2025.