Sustainable development is one of the four pillars of the Socomec Group's purchasing policy. Favoring responsible and committed suppliers and the use of eco-responsible raw materials is therefore one of the Group's strategic objectives.
The "Code of Conduct"
Each new supplier has to sign the Socomec "Code of Conduct". The supplier undertakes to respect Socomec's corporate principles: transparency, working conditions, human rights, environmental protection, sustainable purchasing and fair and equitable business practices.
Supplier Relations Charter
Since 2016, Socomec has gone further in its relationships with its suppliers. The Group is a signatory of the "Charter for Responsible Supplier Relations".
Drawn up jointly by the French Credit Mediation Office and the National Procurement Council (CDAF), it encourages corporate contractors to implement a progressive procedure with regard to their suppliers, especially small and medium-sized enterprises. Socomec applies these good practices and assumes responsibility with its suppliers within a mutual trust and respect framework.
Continuous assessment of suppliers
In addition to these two documents, Socomec assesses its suppliers in various areas such as human resources, social responsibility, respect for human rights and environmental commitments.
The Business Partner Integrity platform also monitors all the Group's strategic partners to prevent any discriminatory practices. A procedure has been established to monitor these assessments and to deal with cases where the supplier is found to be non-compliant.
Responsible mineral procurement policy
Although SOCOMEC does not source minerals directly from mines and smelters, we recognize our responsibility, as a player in the supply chain, to contribute to the resolution of the sustainability issues related to their exploitation. Thus, in accordance with the OECD guidelines on the subject, SOCOMEC acknowledges its responsibility to respect human rights and to avoid contributing to conflicts, notably by refraining from any involvement in serious abuses related to the extraction, transport, or trade of minerals; from providing direct or indirect support to armed groups or security forces; and from any practices involving corruption, fraud, money laundering, or non-payment of taxes and royalties associated with the extraction, trade, processing, transport, or export of minerals originating from conflict-affected areas.
Lastly, and in accordance with the recommendations from the RMI (Responsible Minerals Initiative), SOCOMEC Group commitment to Conflict Minerals related challenges is reflected in the following actions:
- close monitoring of regulatory requirements applying to our activities;
- active due diligence and close work with our partners throughout our supply chain to encourage them to:
- source responsibly,
- confirm their engagement by signing our Responsible and Sustainable Purchasing Charter and Code of conduct,
- disclose their scope A CMRT (Conflict Minerals Reporting Template) and EMRT (Extended Minerals Reporting Template), whenever available (to get a scope A is the most valuable approach to get a better
- transparency and risk management; sharing our own scope A CMRT and EMRT with our customers on a voluntary basis (see below), despite the fact that the measures and obligations set forth in these regulations do not currently apply to Socomec. Indeed, our group’s structure and activities do not fall within the scope of either the Dodd Frank Act Section 1502, or of EU Regulation 2017/821.
Please note that we do not provide customer or product level CMRTs and EMRTs.
Through its commitment to sustainable purchasing, Socomec meets sustainable development objectives N°8 and N°12
