Procurement Magazine February 2024 | Page 88

SUPPLIER SELECTION
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NOW a requirement for all their suppliers , to make sure they select and collaborate with partners who are aligned with its ethical standards and business standards .
“ We also assess our supply base performance across a spectrum of responsible sourcing criteria including environmental , social , and ethical business practices , which has helped us identify key partnership opportunities and deepen connections with suppliers that are aligned with our standards ,” adds Nagy .
The company ’ s responsible sourcing strategy is embedded fully into its procurement processes to make sure that
SALES BY CATEGORY

32 % Refrigeration

26 % Laundry appliance

26 % Cooking appliance

16 % Dishwashing and others cost control and supply chain risk strategies are never at odds with sustainability strategies or wider corporate values . The company has already made significant progress with ESG targets , with a commitment to net-zero impact of operations by 2030 , and creating shared value throughout the product lifecycle . The company is also reporting 100 % of large manufacturing sites achieving a 10 year commitment to be zero waste to landfill , and 100 % of electricity consumption by US plants expected to be covered by the activation of two offsite virtual power purchase agreements .

88 February 2024