Critical/ Significant suppliers are audited annually. They are subject to an in-depth risk assessment of their operations to evaluate and ensure compliance with the Supplier Code of Conduct, laws and regulations, and various other measures. This includes relevant sustainability requirements in such areas as governance, business ethics, human rights, labor practices, occupational health and safety, social responsibility, environmental management, climate change, biodiversity and sustainable procurement. Keeping sustainability in mind, suppliers are required to prepare a risk management plan that details ways to further improve and develop existing systems, processes, and operational guidelines. EGCO Group will monitor and assess performance based on the plan through its completion.
|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|