The second part of our operational sustainable business goals concerns responsible sourcing. Under goal 4, we aim to improve sustainable business practices in our supply chains. Through collaboration, we will ensure full compliance with our minimum standards from strategic Tier 1 suppliers.
This due diligence is not new to us but it is the first time we have framed it as a formal sustainability goal, with clear measures to show our progress. Our goal is to achieve compliance among 100% of our Tier 1 strategic suppliers by 2025.
Where we source strategic raw materials
We procure goods and services globally and our supply chains are multi-tiered. Sourcing of strategic materials is a principal risk and monitoring and understanding the risk is challenging but essential. Some of our strategic raw materials are available from only a limited number of countries. The countries we rely on for these materials are highlighted in the map below.
The term ‘conflict minerals’ refers to tin, tungsten, tantalum and gold which originated from the Democratic Republic of Congo (DRC) and surrounding countries.
We have established a process for due diligence of all conflict minerals based on the Organisation for Economic Co-operation and Development (OECD) Guidelines which includes keeping records that enable us to track the suppliers of all the raw materials we use and identify which smelter the conflict minerals came from. We are working towards being compliant with the new European Union Conflict mineral regulation, which was enacted in July 2017, ahead of the January 2021 deadline.
Of the smelters identified throughout all tiers of our supply chain, 89% are listed as conformant with the Responsible Minerals Assurance Process (RMAP) assessment protocols on the RMI (Responsible Minerals Initiative) database and we expect this to increase as more refiners and smelters join the programme and become RMAP-conformant.