Improving the sustainability, efficiency and effectiveness of our end-to-end supply chain is a key strategic objective for the Group. Our supply chain encompasses all of the activities that transport and transform raw materials and components into a finished product that is delivered to a customer.
We have strategically located our manufacturing plants in Europe, North America, Latin America and Asia to optimise supply chain efficiency, ensure local product availability and maximise customer service.
Sustainable supply chain
We are working with our suppliers to ensure the sustainability of our supply chain. We have embedded sustainability criteria into our purchasing processes and expect high standards from our suppliers.
Our Supplier Sustainability Code specifies that our suppliers must not use forced, bonded or non-voluntary labour, should establish recognised employment relationships in accordance with national laws, and exercise clarity in relation to wages levels. Suppliers must ensure that their activities are safe for the health of their employees, contractors, the local community and users of their products, and they must proactively prevent work-related injuries and illnesses through identifying, evaluating and limiting or mitigating risk.
We expect our suppliers to work within the laws of their country, conduct business free from bribery or corruption, and adhere to the UN Guiding Principles on Business and Human Rights and the Core Conventions of the International Labour Organisation. Our suppliers are also expected to take steps to mitigate their environmental impacts, improve product quality and source responsibly.
Modern slavery and human trafficking
Spirax-Sarco Engineering plc prides itself on setting high standards for sustainable and ethical business practices in its operations worldwide. Included in those high standards is a commitment to respecting and protecting the human rights of all individuals and combating all forms of modern slavery or human trafficking in all parts of our business organisation, including our supply chain. We are continually developing and improving our business practices and policies in line with that commitment. We support a strong, collective stand to identify, prevent, and raise awareness of modern slavery and human trafficking practices in all parts of the world.
In pursuance of Section 54(1) of the Modern Slavery Act 2015, we have issued a slavery and human trafficking statement for the year ended 2018.
Ensuring that our products are safe for our customers to use, are manufactured using ethically sourced raw materials, have limited negative and wherever possible positive environmental impacts, and deliver outstanding in-service performance, begins with robust research and development practices. We incorporate sustainability factors into our product design processes, including energy efficiency, emissions, serviceability, recyclability and the availability of compliant and ethically sourced materials, and avoid the use of hazardous materials.