TK Elevator
United Kingdom and Ireland
We expect our suppliers to adhere to the principles laid out in our Supplier Code of Conduct. It includes our principles on human rights, fair working conditions, environmental protection, bribery and corruption, as well as anti-competitive behavior. It also requires our suppliers to focus on and avoid climate-related risks.
In 2022/23, we completed our successful transition to a comprehensive supply chain sustainability risk management. Our new approach includes continuous supplier risk monitoring, risk evaluation with defined actions plans and tracking, and deep-dive sustainability self-assessments for suppliers.
We continue to carry out onsite supplier audits as a spot check and event-driven tool. Audits give us a better understanding of any potential risks and are a good opportunity to initiate a dialog with our vendors, working with them to improve their performance.
This supports our overall goal to improve the resilience of our supply chain by strengthening our suppliers’ performance instead of terminating business relationships.
TK Elevator engages in continuous dialog with our suppliers to identify opportunities for improving our relationships and to deliver on our sustainability commitments. We regularly host “supplier days” in our operations across the globe. These events promote trust and transparency and foster a common understanding of priorities as we move forward.