Table of contents
People
2. Sustainable Procurement and Human Rights
Since 2020, the Schréder Group has adopted the Responsible Business Alliance (RBA) Code of Conduct as its reference standard for human rights and environmental practices. The RBA Code is based on internationally recognised frameworks, including the International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work and the United Nations Universal Declaration of Human Rights. It sets out clear expectations to ensure safe working conditions, dignified treatment of workers, and environmentally responsible business practices throughout the global supply chain. Schréder strictly prohibits the use of illegal, forced, or compulsory labour by any of its suppliers or subcontractors. Our Code of Conduct, updated in 2022, reinforces our commitment to upholding fundamental human rights throughout our operations and supply chain. It complements the RBA Code, ensuring a consistent and robust approach to ethical business conduct. All Schréder entities, employees, and supply chain partners are required to adhere to the human rights standards set out in the RBA Code, including:
Since adopting the RBA Code, we have actively communicated these standards to our suppliers and requested confirmation of their compliance with the RBA Code or equivalent principles. To further embed these commitments, we introduced the Schréder Supplier Code of Conduct at the end of 2022. Based on the RBA Code, this document outlines our social, environmental, and ethical expectations, with additional requirements specific to our operations and supply chain context. By the end of 2024, 88% of our suppliers - representing 80% of our product-related spend - had confirmed compliance with the RBA Code or similar sustainability standards. In parallel, we launched a sustainable sourcing policy and implemented a sustainability risk assessment process focused on our strategic, product-related suppliers. This risk-based methodology allows us to identify strengths and areas for improvement across our supplier base. Suppliers identified as high risk are subject to environmental, social and governance (ESG) audits conducted by leading independent service providers to verify compliance with our standards. As of 2024, 80% of our product-related spend was covered by this risk assessment process and 100% of our sourcing team was trained to support its implementation.
Corporate Social Responsibility encourages the Procurement Department to consider the impact of its actions and decisions on the company. We take into account the expectations of our stakeholders through a clear sustainable procurement policy, by reshaping our processes, training our people and performing ESG audits.
Free Choice of Employment Protection of Young Workers
Alexandre Tanneur Strategic Sourcing Manager
Fair Working Hours Wages and Benefits Humane treatment Non-Discrimination Freedom of Association
8.7 - Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms.
38
Powered by FlippingBook