Suppliers play a significant role in our supply chain, as most of the technical systems and solutions designed and installed by us include components, materials or services purchased from suppliers. Despite the challenging market situation in 2022, we were successful in optimising the supply chain and managing costs and pricing.
Utilising supply base optimally
We have several common suppliers serving the demand throughout our operating countries, but a major part of purchasing is done locally in our operating countries using selected suppliers. We value close location of our suppliers and their ability to react rapidly to changing business needs. As a result, the majority of our suppliers are located in the countries in which we are operating. In 2022, the proximity of suppliers and strong cooperation with them proved again their value in managing the challenging market situation with p
Supplier Code of Conduct
In 2022, we continued the implementation of our Supplier Code of Conduct. At the end of 2022, 74% (2021: 66%) of our purchase volume was covered by the Supplier Code of Conduct. The improvement is due to consistent work across all our divisions, and especially Divisions Germany and Finland continued their strong performance while divisions Austria and Norway achieved a good increase. Business ethics and standards in some supplier relationships are governed by the supplier’s own Code of Conduct that meets our requirements and is approved by us separately
According to the Supplier Code of Conduct, suppliers, subcontractors and other business partners shall:
- Respect human rights arising out of international treaties, in particular the United Nations Universal Declaration of Human Rights
- Comply with fundamental conventions as defined by the International Labour Organisation
- Ascertain that its own suppliers comply with requirements that meet or exceed the requirements laid down in Caverion’s Supplier Code of Conduct
