SABIC’s Sustainable Procurement Policy governs our partnerships with suppliers and ensures they meet the legal, ethical, and fair practice standards outlined in our Supplier Code of Conduct.
REVIEW OF SUPPLIER CODE OF CONDUCT
In 2020, we updated our Supplier Code of Conduct to clarify our expectations around social and environmental responsibility and foster collaboration with our suppliers to promote sustainable, ethical best practices.
SUPPLIER LIFECYCLE MANAGEMENT
We use our Supplier Lifecycle Management (SLM) Program to vet new supplier qualifications and verify ongoing compliance. Suppliers must meet our standards to be included in our global database for procurement and supply chain needs. In 2020, we registered 1,530 suppliers through SLM, bringing the total to 29,988. We identified 357 suppliers that were inactive, underperforming, or failed to comply with our Supplier Code of Conduct, and we removed those suppliers from the database.
INCREASING LOCAL SOURCING EXPEND
SABIC contributes to Saudi Vision 2030 by using local materials, services, and manufacturing partners whenever possible, which invests in our national economy and reduces the carbon footprint of our supply chain. We also support the training and development of the national workforce, with a particular focus on women and young people. In 2020, 63% of our sourcing in Saudi Arabia came from local suppliers, a 2% increase over 2019.
NEW SUPPLIERS THROUGH SLM
SUPPLIERS REMOVED FROM SLM
TOTAL SUPPLIERS THROUGH SLM