Amorim

Value chain

Responsible production and consumption

Corticeira Amorim gives preference, whenever possible, to suppliers which supply raw materials while upholding good practices in terms of sustainability and social and environmental concerns, both with regard to the materials’ origin and exploration processes. In addition, the company seeks to cooperate with suppliers in accordance with its own values of ethics and conduct, thereby reinforcing Corticeira Amorim's responsible behaviour throughout the value chain.

Corticeira Amorim has a vertical business model that integrates all stages of production, from the purchase of raw materials to the sale of a very varied portfolio of cork products.

Corticeira Amorim intends to know in detail the behavior and practices of suppliers, preferentially selecting those that offer the best negotiation conditions and share the Company's principles and commitments, described in the Code of Business Ethics and Professional Conduct. 

Corticeira Amorim has a defined purchasing policy in which it undertakes to:

  • Act in full compliance with the legislation and regulations in force in the regions where it operates, as well as providing the authorities with all the collaboration within its reach;
  • Relate with suppliers of goods and services in an ethical and legal manner, selecting only suppliers whose employment practices respect human dignity, do not violate the law or jeopardize the Organization's reputation;
  • Keep supplier selection criteria – technical, economic and ethical – clear, impartial and predetermined;
  • Promote compliance by suppliers with safety standards and practices and labor legislation in force;
  • Monitoring the ethical conduct of suppliers and adopting measures in cases where it is incompatible with the principles established in the Code of Business Ethics and Professional Conduct;
  • Exercise careful control of its suppliers, subcontractors and service providers and if it detects that they use any form of forced labor, performed under threat or coercion, the supplier, subcontractor or service provider Service shall immediately terminate any relationship with it;
  • Do not agree with such practices by third parties who provide you with products or services, who will have to respect the minimum age limit established in the legislation of each of the countries where they operate and, regardless of that country's legislation, never accept the work minors under the age of 16;
  • Promote compliance with the CE Liège Cork Stopper Code of Practice and forest certification and maintain a close relationship with cork producers;

 Taking every measure to avoid any corruption actions in its proceadures, in both buying and selling operations.

Cork is extracted from the trees without resorting to felling the trees, which can live an average of 200 years.

Cork production takes place in the Mediterranean Basin and it is in this region that Corticeira Amorim's operations are mainly located, promoting the need for conservation and social and economic investment in these areas.

Corticeira Amorim maintains a close relationship with its cork producers and promotes compliance with the International Code of Cork Stopper Manufacturing Practice (ICCSMP) and forest certification, namely the Forest Stewardship Council (FSC®) certification, proving its concern and action in protecting biodiversity, the rights of employees, the rights of indigenous peoples and areas of significant environmental and cultural importance.

Annual Cork Production by Country
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The acquisition of non-cork raw materials involves rigorous supplier selection processes that guarantee compliance with the Company’s good practices in terms of social and environmental responsibility. Based on this commitment that Corticeira Amorim applies a specific methodology for the selection of the suppliers of its non-cork products, in order to ensure control of the sustainability of its supply chain. This selection process includes pre-qualification, qualification and evaluation of suppliers and is characterised by analysis of indices of social responsibility (IRSoc) and environmental responsibility (IRAmb):

Social Responsability Index (IRSOC)(1)

The IRSoc is applied at 100% if the supplier is certified by standard NP 4469.

Companies wishing to supply Corticeira Amorim must commit to:

  • Do not violate privacy or lose any customer data, in particular from Corticeira Amorim companies;
  • Do not use child labour;
  • Do not use forced or compulsory labour;
  • Do not practice any type of discrimination.

Environmental Responsability Index (IRAMB)(1)

The IRSoc is applied at 100% if the supplier is certified by the ISO 14001 standard. For each requirement that the supplier does not undertake to fulfil, 25% will be deducted from the IRAmb.

Companies wishing to supply Corticeira Amorim must assume their commitment to:

  • Reduce waste and effluents;
  • Handle chemicals in an environmentally safe manner;
  • Handle, store and forward hazardous waste in an environmentally safe manner;
  • Contribute to the recycling and reuse of materials and products.

(1) IRSoc and IRAmb are calculated according to the percentage of requirements met by the supplier.

Once selected, suppliers are subject to an annual auditing programme based on their:

  • Performance from the previous year;
  • Criticality of the products / services provided; or
  • Product quality and good environmental and social practices in the case of new suppliers.

Other subjects of Governance

Strategy and Management
Voluntary Commitments
Policies and Management Systems
Stakeholders
Whistleblowing Channel
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