Table of contents
People
Based on Schréder’s DMA, it was identified that workers in the value chain are a material ESG topic. The assessment revealed that potential violations of human rights or labour standards within our upstream value chain could result in negative social impacts for affected workers and financial risks for Schréder . These risks could manifest as reputational damage, supply chain disruption or loss of stakeholder trust. Consequently, Schréder places a strong emphasis on ensuring that suppliers and business partners operate in accordance with internationally recognised human rights and labour standards, and that responsible practices are consistently applied throughout the supply chain. Policies and Governance Schréder has established a governance framework to manage ESG risks related to workers in the value chain. Our Procurement Policy outlines the principles and procedures for assessing supplier ESG risks and ensuring responsible sourcing. Meanwhile, the Supplier Code of Conduct sets out our expectations regarding labour conditions, human rights, ethical behaviour and environmental responsibility for all suppliers and business partners. The Sustainability Steering Committee oversees sustainable procurement activities and acts as the highest internal governance body responsible for monitoring and supporting the implementation of our sustainable procurement strategy across the upstream value chain. 3. Sustainable Procurement
Sustainable Procurement Strategy 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 any of its suppliers or subcontractors from using illegal, forced or compulsory labour. 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:
We thank Schréder for giving us the opportunity to contribute to their sustainability report. We appreciated the constructive and transparent ESG audit process and the open collaboration between our teams, which also supports the continued development of our own sustainability roadmap. We value Schréder’s commitment to responsible business practices and see strong value in our joint efforts to build a more sustainable and resilient supply chain.
Louis Ketelaars General Manager Strategic Accounts Europe Seoul Semiconductor
• Free Choice of Employment • Protection of Young Workers • Fair Working Hours • Wages and Benefits • Humane treatment • Non-Discrimination • Freedom of Association
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