Our supplier code of conduct defines the fundamental requirements for our suppliers and subcontractors. The code highlights their responsibilities towards stakeholders and the environment. Adherence to the supplier code of conduct is a critical factor in the selection and evaluation of suppliers. We also encourage our suppliers to extend these standards throughout their own supply chains.
Swiss Steel Group employs a proactive, risk-based approach to supplier management. We map suppliers based on country-specific risks, official sanction lists, and ESG-related databases to identify potential red flags and mitigate risks in the supply chain.
Before qualifying as suppliers, potential risks are thoroughly assessed to ensure compliance with legal requirements and our own standards. We harmonized our supplier risk assessment processes and introduced a common software tool for due diligence across all production facilities.
Furthermore, we maintain a central risk committee for ongoing risk assessments, informing actions such as risk-related questionnaires and audits.
To comply with regulations on conflict minerals (tin, tungsten, tantalum, gold, and cobalt), Swiss Steel Group requires its suppliers to provide information about their supply chains to ensure that sourced materials do not come from conflict regions. We demand origin certificates or use reporting templates to confirm conflict-free procurement. Our use of tungsten and cobalt as alloying elements is minimal, accounting for less than approximately 0.2% of the total weight of purchased ferroalloys and metals.
Swiss Steel Group aims to procure materials and services locally whenever possible. We prioritize suppliers in close proximity to our sites to support the local economy, build strong community relationships, and ensure flexible supply. Regional sourcing also contributes to closing material loops and reducing emissions from material transportation.
