According to our Sustainable Procurement Policy, SABIC operations must procure materials and services from suppliers that meet legal, ethical, and fair practices in line with the SABIC Supplier Code of Conduct.
This year, our Supplier Relationship Management team enhanced the Supplier Due Diligence program through a life-cycle management initiative for better performance.
GLOBAL SUPPLIER DUE DILIGENCE PROGRAM
In addition to the life-cycle management enhancements, we continued to enhance our Supplier Due Diligence Program’s process for supplier registration and adherence to our high standards of excellence.
These improvements include a global training campaign for all SABIC buyers. All new suppliers are required to undergo this registration process, and we also are adding existing suppliers to the process.
To date, 9,274 suppliers have registered through the new process, and 1,483 of those have undergone additional due diligence as a result of the findings during the preliminary supplier-registration process.
With each new supplier we register, screen, and, where required, audit, SABIC gains more information and detail about the sustainability of our global supply chain.