Suppliers play a significant role in our value chain, as most of the technical systems and solutions designed and installed by us include components, materials or services purchased from suppliers. In order to guarantee the sustainable value chain, we constantly strive to develop our supply operations, improve our supply chain’s ESG risk management, and increase the coverage of Supplier Code of Conduct.
Supplier operations in 2023
We have several common suppliers serving the demand throughout our operating countries, but a major part of purchasing is done locally in our operating countries using selected suppliers. We value the close location of our suppliers and their ability to react rapidly to changing business needs. We aim to build long-term relationships with our suppliers. We treat all our suppliers equally and honestly following applicable laws and regulations. We do not tolerate any form of bribery or other illegal payments in the relationships with our suppliers. We regularly evaluate our suppliers, follow their performance, and assess potential ESG risks.
Supplier Code of Conduct
In 2023, 80% (2022: 74%) of our purchase volume was covered by the Supplier Code of Conduct. In addition, some supplier relationships are governed by the supplier’s own Code of Conduct that meets our requirements and is approved by us separately.
According to the Supplier Code of Conduct, suppliers, subcontractors and other business partners shall:
- Respect human rights arising out of international treaties, in particular the United Nations Universal Declaration of Human Rights
- Comply with fundamental conventions as defined by the International Labour Organisation
- Ascertain that its own suppliers comply with requirements that meet or exceed the requirements laid down in Caverion’s Supplier Code of Conduct
