Legal notice Umicore obtains third party validation for its sustainable procurement framework for cobalt | Regional website Germany

Umicore obtains third party validation for its sustainable procurement framework for cobalt

Regional website Germany

Umicore, the global materials technology and recycling group, today unveiled annual third-party verification for its Sustainable Procurement Framework for cobalt. Umicore was the first company in the world to have introduced such a framework for cobalt supply and the first to obtain external validation for its ethical procurement approach in this area.

Umicore is a world leader in cobalt-based chemicals and materials. These products are used in applications such as tooling, catalysis and lithium-ion rechargeable batteries for portable electronics and electric vehicles.

Umicore introduced a specific approach to sustainable and ethical cobalt sourcing in 2004. This has evolved over time to take into account the specific risks involved in the mining of cobalt in certain countries, such as child labour and poor health and safety practices.

Umicore’s framework, which has received third party validation from PwC, is inspired by the OECD’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. It aims to minimize the risk of any connection between the cobalt in its supply chain – and subsequently that of its customers – and human rights abuses or unethical business practices.

Commenting on the framework Marc Van Sande, Executive Vice-President of Umicore’s Energy & Surface Technologies business group said: "Our customers have valuable brands to protect. Umicore’s unique approach provides comfort to customers about the provenance and the ethical nature of the cobalt used in the materials they source. We will continue to make improvements to our framework and I firmly believe that this type of approach should become the norm in the industry. We look forward to working with other stakeholders such as governments, civil society and other industrial players in order to driving broader improvements in the sector."

Click here to access a detailed description of the Framework

Click here to access the validation statement for 2015

Contact details: RBMsustainability@umicore.com

You'll find a video about about Umicore's sustainable procurement framework for cobalt here.

Note to editors: About Umicore’s sustainable sourcing approach

Umicore’s Sustainable Procurement Charter provides the basis for the company’s sustainable sourcing of raw materials and other products. The Charter requests that suppliers adhere to specific standards in terms of environmental stewardship, labour practices and human rights, business integrity and supply chain engagement. The charter has been deployed throughout the organization since its introduction in 2011 and further information can be found in Umicore’s 2015 Annual Report.

Umicore’s Sustainable Procurement Framework for cobalt has been specifically designed and deployed to take into account the challenges and nature of the cobalt supply chain.

×

      Umicore uses certain monitoring and tracking technologies such as cookies. These technologies are used in order to maintain, provide and improve our services on an ongoing basis, and in order to provide our web visitors with a better experience.

      By clicking on the "Accept all" button you agree to the use of these cookies while using the website. For further information regarding how we use cookies and other tracking technologies, please see section 11 of our website privacy notice

          Necessary cookies are essential and help you navigate our website. This helps to support security and basic functionality and are necessary for the proper operation of our website, so if you block these cookies we cannot guarantee your use or the security during your visit.

          Cookies that help us to understand the behaviour of users of our website. This allows us to continuously improve our website to provide the best information in support of our project aims. These cookies also help us understand the effectiveness of our website. For instance these cookies tell us which pages visitors go to most often and if they get error messages from web pages.

          Cookies that deliver content to you based on your interests, which are assumed from your browsing history. Most Targeting Cookies track users via their IP address and, thus, may collect some Personal Data. Personal Data collected by Targeting Cookies may be shared with third parties, such as advertisers.