Journey to Sustainable Procurement - Monument Chemical's Approach

Monument Chemical prioritizes sustainable procurement after an EcoVadis assessment, ensuring compliance with ESG standards. Their approach includes working with consultants, closing gaps, policy development alignment, and supplier compliance to drive ethical practices.

• Sustainable Procurement
• EcoVadis Assessment
• Supplier Compliance
• ESG Standards
• Policy Development

karm_685 Follow

Uploaded on Mar 12, 2025 | 1 Views

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.

Presentation Transcript

1. Journey to Sustainable Procurement Gloria O Bannon A p r i l 2 0 2 4

2. Monument Chemical s SP Journey Sustainable Procurement was on our ESG radar but after EcoVadis assessment, it became a priority Being below industry average is no where we want to be

3. Our Approach 1. We worked with a consultant ClimeCo to dig deep into data 2. Learned more about EcoVadis Plan-Do-Check- Act assessments 3. Went to work closing gaps

4. Closing Gaps Document what we do Publicize what we do Set Supplier Expectations Conduct Supplier Risk Analysis Audit Suppliers (future) Educate Suppliers (future)

5. Policy Development Approach Align to critical SOCMA best practices Reference commitment to United Nations Global Compact Incorporate Monument s new Sustainability 1-pager. Aligned with our parent company s strategies

6. In Process All suppliers must comply with all relevant social and environmental laws and regulations. Suppliers must also commit to the principles outlined in Monument Chemical s Supplier Code of Conduct. Suppliers will respond to a questionnaire affirming performance on ESG topics. Currently assessing tools to ensure Supplier compliance Our sustainability commitment reflects Monument s core commitment to doing the right thing for our employees, their families, our neighbors, and the environment.