95 Annual Report 2024 2024 SUSTAINABILITY REPORT 9. PARTNERING OUR SUPPLIERS 9.1 OUR APPROACH We adopt a holistic approach to embedding sustainability throughout our value chain, ensuring our local partners and suppliers uphold responsible business practices. Guided by our Green Procurement Guidance, we actively collaborate with suppliers to enhance responsible sourcing, minimizing our indirect environmental and social impacts. 9.2 SUPPLY CHAIN MANAGEMENT We take a holistic approach in implementing sustainability across our value chain and ensure our local partners and suppliers upholds responsible business practices. We are guided by our Green Procurement Guidance and identify new opportunities to collaborate with our suppliers to ensure responsible sourcing of suppliers to minimise our indirect environmental and social impacts. 9.2.1 SUPPLIER SELECTION We implement a rigorous supplier evaluation and screening process to select key suppliers. As part of the selection process, suppliers will have to fill in a Supplier Assessment Form, which assesses the quality of products and services, certifications and health and safety. Additionally, the sustainability policies adopted by our suppliers are also considered. The final decision on supplier selection is based on the overall assessment which takes a balanced view across all selection criteria. 9.2.2 SUPPLIER REVIEW We regularly assess our key suppliers’ performance through a review process featuring two-way dialogue and feedback, guiding our decisions on partnership extensions. This ensures that our suppliers and their products align with our business needs and sustainability goals. Through annual engagements, we encourage our suppliers to adopt sustainability criteria and practices that advance a more sustainable future.
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