Since 2020, we have informed our suppliers that we have adopted the human rights and environmental standards set out in the RBA Code of Conduct, and asked them to confirm their adherence and compliance with the same or similar standards. At the end of 2022, suppliers representing 97% of our total supply chain value had confirmed adherence to the RBA Code or similar standards. This includes 100% of the suppliers considered to be at risk, based on our risk-based approach which includes component suppliers, subcontractors and service providers such as transport, temporary staff and building maintenance. To further promote our commitment to respect basic human rights and environmental standards in our operations, we launched the Schréder Suppliers Code of Conduct at the end of 2022. The Schréder Suppliers Code of Conduct is based on the RBA Code of Conduct (version 7.0 - 2021) and reflects additional Schréder standards and expectations and the nature of our suppliers’ operations. This code defines the social and environmental performance requirements for all Schréder suppliers. Schréder’s suppliers include all entities that provide goods or services to or on behalf of Schréder. This includes all suppliers who: manufacture Schréder products, packaging, parts, components, sub-assemblies, and materials, or are involved in processes related to such manufacturing; provide services to or on behalf of Schréder, regardless of where the service is performed, including at the supplier’s site, a Schréder site or at the customer’s site.
To ensure full compliance with the RBA standard and the Schréder Supplier Code of Conduct within our value chain, we adopted a Sustainable Procurement Policy in 2022 in which we embedded our human rights and environmental standards. In conjunction with this policy, we have developed a Sustainability Risk Assessment methodology, which describes the due diligence process Schréder will use to assess its suppliers in relation to the expected sustainability standards of the supplier. This due diligence process will also include targeted audits to ensure that the sustainability requirements of the supply chain are properly met. Our goal is to gradually roll out this risk assessment methodology so that by 2030, all Group suppliers will have been assessed against both our human rights and environmental standards. Schréder’s Group Strategic Sourcing Managers have been trained in the principles and policies of sustainable procurement.
All Group Suppliers assessed on sustainable risks by 2030 100%
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.
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