Operational audits and in-depth risk assessments are performed annually on significant suppliers and high-risk suppliers to ensure the compliance with Supplier Code of Conduct, laws, various measures, and relevant ESG requirements e.g. governance, business ethics, human rights, employee treatment, occupational health and safety, social responsibility, environmental management, climate change, biodiversity, procurement, and knowledge regarding sustainable procurement. Suppliers are requested to develop appropriate risk assessment plans to improve, correct, and develop the system and approaches to ESG operations. EGCO Group shall monitor and evaluate the performance of such a plan throughout the entire implementation process

Assessment Supplier Type Tool Frequency
Desk Assessment Critical and High-risk/ Significant Sub-group Self-Assessment Questionnaire Once upon adding supplier in Approved Vendor List
Onsite Assessment (2nd party assessment) EGCO Group’s Active Suppliers EGCO’s Supplier Audit Checklist
EGCO’s Supplier Audit Report
Onsite Certification (3rd party assessment) EGCO Group’s Active Suppliers (Critical and High-risk/ Significant Sub-group) ISO14001
Other Relevant Certificates
Every 3 years