Critical Supplier/ Significant Supplier Analysis
EGCO Group’s analysis of critical suppliers takes into consideration the following:
ESG risk issues are also considered as part of the critical/ significant suppliers, It is categorized by the type of sustainability issue they pertain to, such as the economy, the environment, safety, and corporate reputation as follows:
Economic
pricing, monopoly, sustainable procurement, etc.
Environment
water consumption and wastewater, GHG emission, energy consumption, biodiversity impact, air pollution, etc.
Safety
process safety, accident rate, emergency preparedness, etc.
Reputation
corruption, tax evasion, human rights, labour practices, etc.