The creation of a responsible supply chain based on ESG criteria and in accordance with the Company’s Suppliers and Business Partners Code of Conduct. In addition, in 2023, MYTILINEOS created a special central Responsible Supply Chain Policy proving its commitment to promoting responsible entrepreneurship and, by extension, strengthening the sustainability of the supply chain.
Actual positive impacts
Since 2019, MYTILINEOS has developed the "Suppliers/ Business Partners Code of Conduct", seeking to enhance its positive impacts until today, in the medium and long term, such as: ensuring better risk management in its supply chain, seizing business opportunities, and forming responsible suppliers and business partners that can create expanded financial and social value.
Potential negative impacts
The lack of responsible practices in MYTILINEOS’ supply chain may be a source of negative impacts such as: problems in the supply of raw materials, materials, and services, increased environmental impacts, health and safety risks, human rights violations, ethical and compliance risks, with consequences for the Company's reputation and credibility, as well as potential financial penalties.
The lack of responsible practices in the Company's supply chain can be a source of different risks, such as: problems in the supply of raw materials, materials, and services, increased environmental impacts, health and safety risks, risks of human rights violations, ethical and compliance risks, with financial consequences for the Company, as well as consequences for its reputation and credibility.