- Identify local suppliers and develop company standards supporting investment in local suppliers for example prioritizing factors beyond low cost offers.
- Work with national and local governments to invest and incentivize the growth of new suppliers.
- Engage existing suppliers to encourage them to develop new, local presence.
See it in action
Anglo American works with small suppliers to meet the company’s supplier standards in areas such as health and safety, environmental protection, and respecting human rights.
Through Anglo American’s capacity-building program in South Africa, the company has helped to fund about 4,000 small, medium and micro-sized enterprises and has created more than 60,000 jobs. In addition, Anglo American deferred loan repayments or accelerated payments to help enterprises manage their finances and the impacts of the pandemic.
Of Repsol’s 4,864 suppliers, 78% are local as the company prioritizes local supplier growth.
Who's measuring these actions?
Metric: Company has set time –bound, measurable indicators to manage & mitigate the social impacts of low carbon transition on its business relationships (consumers: especially those impacts by lack of access to clean energy e.g. by disclosing by when it will provide clean energy to a specific number of consumers).
Metric: does the company commit to establishing partnerships with local small and medium – sized enterprises (SMEs) in its supply chain to support their role in decarbonization and the just transition?