Sustainability plays an important role in the supply chain as part of a
global economy. We expect our suppliers to adhere to basic values in
human rights, labor standards, environmental protection and the fight
against corruption, among others. In order to ensure this we hold
intensive discussions with our suppliers to create a common
understanding of basic values. In addition, we use tools and processes
to support our suppliers as implementation partners and to verify
Code of conduct for suppliers
OSRAM has a concise Code of Conduct for Suppliers which, similar to our
own Business Conduct Guidelines, takes as its basis the most important
international standards and conventions and also provides a clear
summary of our fundamental values. It has been signed by our suppliers
throughout the world.
Regular audits are necessary to verify compliance with the Code of
Conduct. That is why we extended our regular supplier audits with
aspects of corporate responsibility, taking place on several levels.
- Corporate responsibility is an obligatory element for suppliers, and
implementing these measures is part of the “balanced scorecard” of our
- Part of the supplier qualification process is to obtain supplier
self-disclosures in which relevant data on corporate responsibility
criteria is queried.
- On the basis of self-disclosure and other risk-based criteria we have
Corporate Responsibility Supplier Audits conducted by objective external
Integration of these tools in our central purchasing system ensures
seamless incorporation in the entire procurement process. If
discrepancies are found in the course of supplier auditing we discuss
these with the supplier and together produce proposals for improvement.
The relevant supplier will then be reaudited. No violations of our Code
of Conduct have yet been discovered that would necessitate terminating a
business relationship, and the general feedback from our suppliers has
Policy on Conflict Minerals
One of the aspects of a sustainable supply chain that has gained special relevance is the issue of “conflict minerals”. For that reason, OSRAM has developed a policy to supplement our Code of Conduct for Suppliers.