Why it matters?
The technology we use can feel a long way from the people who made it and the parts and materials it’s made from. Global supply chains are complex systems of people, parts and services which are vulnerable to environmental, geographic, political, economic and societal risks.
We understand that our own supply chain needs to be resilient to consistently provide high quality products and services to our customers. It also needs to be responsible in order to mitigate the potential social, environmental and economic risks and costs connected to the life cycle of those products and services.
This is a story that involves every single person in our entire value chain. It’s about managing risks, realizing efficiencies, creating sustainable products and building a culture of responsibility and respect towards our global community. Our customers trust us to do the right thing.
By working closely with our suppliers, we can position our business for strong growth whilst responsibly managing our social and environmental impact.
What we are doing
We are committed to building better relationships with our suppliers not only to mitigate risks but to also help identify opportunities. This includes better understanding the way we source our products, services and labour and their subsequent distribution to our customers.
Every year we purchase different products, services and labor from suppliers. Because sustainability is rooted in our procurement services, we have high expectations of the parties we work with. Our collaborative relationship with suppliers helps us mitigate risks and identify opportunities.
Our approach has 4 main stages:
1. Requirements: Setting requirements for suppliers through our Responsible Procurement and Supply Chain Principles
2. Alignment: Creating internal understanding through training our Procurement team.
3. Assessments: Assessing our suppliers using the EcoVadis platform.
4. Dialogue: Opening up possibilities for suppliers improvement including corrective actions
Our principles and statements
We expect that our suppliers read the following documents to get an understanding of the requirements Liberty Global has with regards to Responsible Procurement:
How do we assess our suppliers?
We assess our suppliers by using EcoVadis 21 CSR Criteria. The criteria cover four material areas, Environment, Social, Ethics, and Sustainable Procurement. This constitutes the basis for the ESG (Environment Social Governance) performance of our suppliers. EcoVadis enables us to assess and benchmark our suppliers through a scorecard with actionable feedback and an online corrective action plan.
– EcoVadis- 21 CSR Criteria