We systematically review our business partners.
The careful selection of its suppliers has always been a defining characteristic of Aurubis. This process has been supported throughout the Group since 2015 with the Business Partner Screening method, which analyzes business partners’ integrity with regard to social and environmental aspects in a structured manner. The screening follows the OECD Due Diligence Guidance for Minerals. In practice, this is done with specially configured software. The software evaluates financial, management, legal, and sustainability-based risks, among other aspects. It automatically generates a risk profile that indicates if there is a necessity for further research by the Commercial, Compliance, and Sustainability departments.
On the basis of this assessment, the management decides on possible contracts or restrictions. The review is repeated regularly, with the intervals depending on the determined risk. In the case of new business partners, the review takes place before the contract is signed.
Our Compliance Portal, the so-called whistleblower hotline available online to the public, enables individuals to report violations confidentially or anonymously to external, independent lawyers. This report can then be handled internally.
Certified conflict-free gold
We had initial experience with the Business Partner Screening process in 2013 in the field of precious metals.
The early adoption of the screening program was due to the Gold Supply Policy implemented in the same year.
This guideline reflects the requirements of the Gold Guidance of the London Bullion Market Association, or LBMA, and is based on the OECD Due Diligence Guidance with regard to conflict minerals, as well as the standards of the UN Global Compact.
It’s a path that has really paid off: Aurubis’ gold production was successfully certified as conflict-free according to LBMA standards for the sixth time in November 2018.