The code of conduct was adopted with the purpose of formulating fundamental principles that underpin the company’s relations with stakeholders.
Follow-up and reporting
Ramco Specialties’ integrated management system for quality, the environment and working environment describes the company’s way of working, from policies and guidelines to procedures and work instructions. The management process provides a systematic approach to strategy, objectives, and ongoing target monitoring. The reporting of sustainability information is done through the company’s various management systems. We are certified to IATF 16949 and ISO 14001.
Minimization of sustainability risks in the flow of goods
Ramco Specialties takes responsibility wherever it can exert influence with respect to the environment and working environment throughout the value chain. A supplier must confirm that it meets and complies with the company’s code of conduct and anticorruption policies or equivalent, and that furthermore it is certified according to IATF 16949 and ISO 14001. Further requirements must be also met, such as maintaining a policy regarding conflict minerals where applicable.
There is an established working method to follow up and audit main suppliers, which together account for between 90-95% of the total purchasing volume. All suppliers to Ramco Specialties have to undergo an evaluation based on parameters that include the code of conduct, environmental considerations and safety. If the decision is made to do business with a supplier after this evaluation is carried out, an audit is performed on site. This audit covers the management system, financial status, procurement and supply chain processes, and supplier monitoring. Regular evaluations are made of established suppliers, and Ramco Specialties has dedicated employees who work with, and develop, quality assurance.