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 an even more structured manner. 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.
Contracts will not be entered into with new business partners before they are screened. For existing business partners, the screening will be repeated regularly – depending on the original risk. Our Business Partner Screening is continuously developed and adjusted to changes in requirements.
Certified conflict-free gold
We had initial experience with the Business Partner Screening process in 2013 in the field of precious metals. Checking sources of precious metal-bearing and particularly gold-bearing raw materials resulted in the fact that Aurubis now does not use any raw materials containing conflict gold.
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’s 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 has been certified as conflict-free according to LBMA standards since December 2013.