Fostering strong relationships with our suppliers is crucial to ensure they align with our standards for responsible production and sustainability. Consequently, we are unwavering in our efforts to cultivate transparent and productive partnerships with them.
Structured collaboration with our suppliers
Centralized procurement is at the heart of our operations, allowing us to systematically set requirements, oversee, and foster the growth of our suppliers. Every material and component we utilize undergoes meticulous specification. Suppliers are then scrutinized, inspected, and graded based on our stringent guidelines. Notably, 99% of our direct material suppliers hail from Europe, with the remainder based in Asia. Recognizing the potential pitfalls of global supply chains, we are proactive in mitigating associated risks. In our commitment to transparency and adherence to best practices, we provide annual reports detailing our initiatives and outcomes in line with established conventions, legal mandates, and other binding accords.
Suppliers must comply with our code of conduct
For a principled approach to procurement, we've instituted a supplier code of conduct. This document delineates HTH's expectations concerning working conditions, human rights, business ethics, and environmental stewardship. Our evaluation of potential violations hinges on various factors, including the country of production, manufacturing processes, product categories, and material composition, which in turn informs the regularity of our inspection visits. Our commitment to this code is bolstered by ongoing risk assessments, declarations, and evaluations. Additionally, we've set up an anonymous channel, ensuring any infractions can be reported without fear of reprisal.
Our initiatives cover the entire supply chain
Our dedication to responsible procurement empowers us to identify and mitigate risks throughout our supply chain. To further minimize sustainability challenges, we encourage our suppliers to liaise with their pertinent sub-suppliers. This layered approach ensures that our sustainability initiatives permeate the entire supply chain, guaranteeing that our products consistently align with our stipulated standards.
Our areas of focus
HTH is deeply committed to sustainability, addressing multiple focus areas that collectively touch upon a broad spectrum of the United Nations' 17 Sustainable Development Goals.