SUPPLY CHAINS THAT HELP BUILD A BETTER WORLD
As a global company, we do business with over 2,000 suppliers around the world who are expected to follow our Supplier Code of Conduct. Our dealings with our supply base are conducted with all relevant laws and regulations. We continuously monitor our suppliers against a consolidated database of denied and/or restricted parties. If a supplier appears in the database, they are thoroughly vetted before moving forward with any further business decisions.
Prior to engaging with a new supplier, we require those organizations to agree to our Supplier Code of Conduct, acknowledge the Countering America's Adversaries Through Sanctions Act (CAATSA) declaration and screen them against the consolidated database of denied and/or restricted parties. Additionally, we conduct due diligence with our relevant suppliers consistent with the regulatory requirements, the guidance from Organization of Economic Co-operation and Development (OECD) and the Responsible Business Alliance’s Responsible Minerals Assurance Process (RMAP). This is to confirm compliance with regulatory requirements as well assure that materials such as tin, tantalum, tungsten, cobalt and gold are sourced from smelters that are not involved in or contributing to illegal armed groups, human rights violations, or financial wrongdoings. For additional information, please visit our Responsible Minerals Sourcing Policy page.
Materion’s Procurement and Supply Chain management function works together with our supply base to ensure that they are able to effectively support our global businesses. We strive to do this through continuous improvement, effective cost management and risk management.