Continuous improvement in the value chain
As a major buyer with a significant annual purchasing volume, Storebrand wants to work with our suppliers towards more sustainable practices. Through mapping, follow-up and by setting clear climate targets for our suppliers, we work actively to reduce carbon emissions in the real economy.
From sustainable to climate neutral
Storebrand has for a long time had several minimum requirements for our suppliers with regards to sustainability, and weighted sustainability at least 20% in our tender processes. With a new framework for follow-up and evaluation of suppliers, our goal is that all our suppliers will be climate neutral by 2025.
Our approach
Our approach focuses on collaboration for continuous improvement towards more sustainable practices defined by the questions we ask suppliers and partners.
We select
Sustainability is weighted at least at least 20% in our tender processes. Through the supplier mapping and evaluation, we give an advantage to suppliers that perform well on sustainability.
We work actively to influence
We use our position as a major buyer to influence suppliers and business partners for improvement. We do this both when we consider entering into new agreements and evaluating existing ones.
We exclude
Storebrand shall not choose vendors, products or services that are in violation of international agreements, national regulations or internal policies. This is described in our sourcing principles.
Mapping suppliers
To get an overview of how good our suppliers are when it comes to sustainability, we are now mapping all suppliers with annual sales volume to Storebrand of more than 1 million NOK, through a questionnaire divided into the following main areas:
- How sustainability is integrated into suppliers' strategies
- Environmental performance over time and targets
- Diversity performance over time and targets
- Environmental, quality and management systems
- To measure progress, annual reporting on sustainability will be effective from 2020.
An extended set of questions is also used to evaluate suppliers in purchasing processes. Below you will find the questions we ask in purchasing processes, and how we have answered these questions ourselves.
Share your opinion!
Do you have input to the questionnaire and how we map our suppliers?
Climate neutral by 2025:
What do we expect?
What we want to achieve is a real-world reduction in carbon emissions from our suppliers. Hence, we encourage our suppliers to:
- Measure their greenhouse gas emissions - also called the carbon footprint
- Set verifiable emission reduction targets
- Reduce emissions as much as possible through their own actions
- Compensate for the emissions that cannot be currently avoided
Climate goals
We have set three specific goals for our suppliers and business partners:
- By 2025, the goal is that all suppliers have set short- and medium-term verifiable emission reduction targets
- By 2025, the goal is that all suppliers will be climate neutral
- By 2030, the goal is that the entire value chain for our deliveries will be climate neutral
Focus on human rights and decent working conditions:
What do we expect?
We expect all our suppliers to take a proactive approach when it comes to social conditions both in their own operations and in their supply chain. We encourage our suppliers to have:
- Guidelines and policies that safeguard human rights and decent working conditions, anchored at the highest level internally
- Corresponding guidelines for its subcontractors
- Established formalized process to assess, mitigate and manage risks of human rights violations
- Established mechanisms and routines to follow up risks in their own supply chain
- Has signed the UN Global Compact's 10 Principles for responsible business and ensures that subcontractors do the same
Furthermore, we want suppliers, upon request, to be able to state their most significant risk areas for violation of human rights and decent working conditions and how they follow up on these risk areas, both in their own business and in their supply chain.
Contact us!
If you have questions or other input related to the way we work with sustainable procurement, or if you need further information, feel free to send us an email. If you are one of our suppliers and have not yet received the supplier survey, please contact us as soon as possible.
