Creating a Better World with our suppliers
Supplier engagement is key to ensuring a sustainable supply chain in the future.
We have partnered with Assent Inc to investigate suppliers for Corporate Sustainability (Conflict Minerals reporting across all 3 Divisions) and Product Compliance (EU Reach, Rohs, EU MDR, EU WFD, US TSCA and Prop 65).
Assent has supported us with product compliance investigations across over 3,600 suppliers, covering approximately 95,000 components that go into around 215,000 products. Whilst these regulations are detailed and complex, 97% of our products are fully compliant. Of the remaining 3%, the majority of the issues are due to lead content in our brass materials. We recognise there is work to do to improve this for our customers and our world class engineering teams are aware of this and are working hard to remove it from our latest specifications.
To ensure we are ready to fully comply with the German Supply Chain Due Diligence Act we launched in November 2022 online training for our procurement teams on product compliance and human rights in the supply chain, and reiterating our three key supply chain policies (Supply Chain Code of Conduct, Modern Slavery and Responsible Minerals).
In September 2022 we launched the Solar Panel Sourcing policy outlining the additional due diligence required to prevent forced Uyghur labour in our supply chain (as highlighted by the Ugyhur Forced Labour Prevention Act.
We continue to work closely with key customers on ESG and product compliance.
We endeavour to work with key suppliers that are aligned to Creating a Better World. One such supplier is Peekay Steel Castings based in Kerela, India. Peekay supplies IMI Critical Engineering with high quality components which we use when manufacturing butterfly valves, ball valves and globe valves. However, Peekay is also aware of their own impact on the environment and has sustainability at the core of their product. Peekay make use of a high proportion of recycled material and have set stretching targets to reduce their Scope 1 & 2 emissions by 40% by 2031 (20% reduction target by 2026). Re-using heat where possible from their processes and investing in self generated electricity (via wind turbines) are further examples of their commitment to a sustainable future. In addition, this key supplier have conducted their own materiality impact survey and have implemented a sustainability committee to drive their sustainability agenda. We welcome this level of investment from our key suppliers and look forward to continued collaboration with Peekay going forward.
