Sustainability Report 2024
37
Social
4.4
SUPPLY CHAIN WORKERS
Although this is an area in which we are only taking our first steps, we recognize the importance of promoting fair and dignified working conditions throughout our supply chain. As a starting point, we conducted a preliminary survey with our suppliers, which allowed us to gather relevant information on social practices and human rights within our value chain, initiating a more structured and conscious approach in this area. The protection of supply chain workers’ rights is a material issue for us, reflecting our commitment to dignified working conditions and respect for human rights at all stages of our operations. This responsibility covers fundamental aspects such as promoting safe employment, fair wages, reasonable working hours, gender equality, non-discrimination, health and safety, as well as the eradication of practices such as child or forced labour. Conducting social audits of suppliers represents a positive step in this direction, enabling us to assess and ensure that the fundamental principles of decent work are respected throughout the value chain.
APPROACH AND RESULTS
In 2024, we made an initial effort to gather information from our suppliers through a questionnaire focused on social and human rights aspects. We received 52 responses - 48 from suppliers in China, two from India and two from Portugal - which provided us with a preliminary view of the risks and practices present in our supply chain. Our approach to supply chain workers is still in an early stage, making this one of the least developed material topics to date. We found that some suppliers do not yet systematically monitor their social impacts, particularly the risks associated with potential human rights violations. In addition, the absence of codes of conduct and ethics in some supplier companies was noted, representing a clear opportunity for future improvement in strengthening our social responsibility across the supply chain. However, no significant human rights
risks were identified among our suppliers.
Additionally, we shared with all suppliers our Sustainable Procurement Policy , as well as our Code of Conduct and Ethics , our Human Rights Policy and our Anti-Slavery and Human Trafficking Policy , the latter having been approved at the beginning of 2025. Although a structured follow-up on the implementation of these documents has not yet been carried out, the analysis of the 2024 questionnaire indicated that all suppliers confirmed they had read and understood their contents.
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