Coor assumes full responsibility for the services delivered through our subcontractors. Procured services and goods count for a large share of our service delivery and have a great impact on both quality and cost. Consequently, we aim for good long-term supplier relationships and set high standards on our suppliers.
Taking responsibility for our suppliers has become as natural as taking responsibility for our own business.
Magnus Krona, Chief Procurement Officer at Coor
Responsible Procurement Model
Coor Procurement is an integral part of the business and have a huge impact on its value chain. To achieve the impact on supply chain sustainability Procurement have adopted the UN Global Compact Management Model. The model is described in following process steps: Commit, Assess, Define, Implement, Measure and Communicate. Here you can learn how we have been inspired by the model in our daily work.
Coor sets high standards on its own operations and assumes substantial responsibility for the impact it has on the environment, society, and Coor's customers' operations in a wider perspective. Business should be conducted in a professional, safe and environmentally friendly manner that satisfies all the requirements set by applicable legislation, sector standards and agreements.
Coor's business should feature high ethical and moral standards. Coor also endeavors to be a responsible employer with focus on employee development. Coor sets the same high standards on suppliers and their potential subcontractors.
The principles Coor's suppliers and their potential subcontractors should comply with are reviewed in the Code of Conduct for suppliers.
Category mangement is a systematic, holistic way of managing categories throughout the whole life cycle of products and services, taking into account all aspects of sustainable procurement in sourcing decisions.
A measurement at the end of 2023 showed that 18 per cent of Coor’s emissions come from suppliers with validated SBTi targets. Scroll down to learn more about our sustainability commitments.
Number of suppliers assessed for social impact. None of the relationships were terminated as a result of the assessment.
154
Number of suppliers identified as having significant actual or potential negative social impact.
34 %
Percentage of suppliers identified as having actual or potential negative social impact with which improvements were agreed upon as a result of assessment.
Invoicing
Coor cares for the environment and encourages you as a supplier to Coor to use electronic invoicing.
One of our goals is to ensure that 75% of our scope 3 emissions from purchased goods and services, upstream transportation and distribution come from suppliers with targets approved by the SBTi.
FAQ about SBTi for Coor suppliers
As a supplier to Coor, your company needs to get your climate goals approved by the Science Based Target initiative (SBTi). Read more about how to join and how to get your climate goals approved on the SBTi's website.
The goals need to be approved by 2026, which means that you need to start the process of getting the goals approved by 2024.
This means that your company needs to commit to at least halving your greenhouse gas emissions by 2030 and reaching net zero by 2050, at the latest, and annually reporting your progress publicly. At the moment, the SBTi is the only organization that actively works to validate goals in line with the Paris Agreement and performs a qualified assessment. Coor therefore only accepts the SBTi as a third party as for now.
In the longer term, this will affect which suppliers Coor chooses to cooperate with.
Your regular contact person in Coor's procurement department is also the person who can answer questions about Coor's work with SBTi. If you have general questions about climate goals and Science Based Targets, please see the FAQ on SBTi's website.
Coor cannot help you to join the SBTi. There are consulting companies that offer companies help with this.
Inform your contact person at Coor’s procurement department that your company has joined the SBTi.
If you have already had your climate goals approved by the SBTi, you only need to inform Coor. If you have started the process, we need information about when it is expected to be completed and also when it is completed.
As long as we are sure that there is a will and that there is progress in the work of getting the goals approved, we are happy to follow you in that development.
Coor's procurement and supplier base varies over time and according to our customer’s needs. It is likely that the suppliers that account for 75% of Coor's scope 3 emissions today will not do so tomorrow. That is why all Coor's suppliers eventually will need to join the SBTi. In the future, this will be required in order to become a supplier to Coor.
Already signed agreements are valid with unchanged terms until something else is agreed.
The price of joining the SBTi depends on the size of the company, based on the number of employees. If you have fewer than 500 employees, your company is counted as SME and then it costs USD 1,000* to join. For other companies, the cost is USD 9,500*.
*As per September 2022
By joining the SBTi, you ensure that your company’s climate goals are in line with the Paris Agreement and what science says is required to limit the global temperature increase to 1.5 degrees. It strengthens your actual sustainability work and your sustainability profile. In addition, more and more companies are joining SBTi, which means that more companies are expected to make demands on their supply chains like Coor.
Read more about companies that have joined the SBTi and how it has strengthened both the company's sustainability work and business on the SBTi's website.
For existing and potential suppliers
You find more information about being a Coor supplier on our local websites.
