COMMITMENT TO CORPORATE CITIZENSHIP
A global business and major player in the automotive sector in the countries where it operates, Valeo is committed to making sustainable development a central feature of its relations with suppliers and local communities.
VALEO / 2015 ACTIVITY AND SUSTAINABLE DEVELOPMENT REPORT
PPLICATION OF SUSTAINABLE DEVELOPMENT PRINCIPLES IN PURCHASING PROCESSES Valeo includes sustainable development principles in its Purchasing processes in line with growing demand from stakeholders, with automaker customers foremost among them. For several years now, Valeo has used non-economic criteria when selecting suppliers and awarding bids and contracts. Today these criteria, relating to quality, production and sustainable development, account for more than 90% of the mandatory items in the supplier qualification questionnaire. As part of this process, sustainable development criteria are given a weighting of nearly 20% in the supplier’s final score, and any failure to meet them automatically disqualifies suppliers from Valeo’s supplier base. All suppliers must meet Valeo’s ethics, integrity and sustainable development requirements. In 2015, these obligations were combined in the Business Partner Code of Conduct, which is available on the Group’s website. ASSESSMENT OF SUSTAINABLE DEVELOPMENT PRACTICES In 2013, Valeo began assessing its suppliers’ sustainable development practices using an annual self-assessment. Run jointly by the Sustainable Development and External Relations, Purchasing and Quality Departments, the survey was sent to major suppliers accounting for 60% of Valeo’s production purchasing. The results showed that, in addition to meeting Valeo’s CSR requirements, nearly three-quarters of the respondent suppliers also have their own CSR policy based on a charter, a code of conduct,
best practices and a set of guidelines. A large majority of Valeo suppliers responding to the survey have initiated voluntary certification and labeling programs for their environmental policies. VALEO, COMMITTED TO REPLACEMENT PRODUCT AVAILABILITY As a player in the aftermarket through Valeo Service, and with its strong presence in emerging countries, the Group strives to market products at the best price, without compromising the environment. This commitment is reflected in the Group’s extensive experience in designing, producing and marketing remanufactured products. Using an efficient system, Valeo collects used parts and then, once disassembled, remanufactures them to comply with original equipment market standards, notably eliminating any traces of hazardous substances to guarantee personal protection. ETHICS AND COMPLIANCE: A KEY DEMAND FOR THE GROUP The Ethics and Compliance Department is rolling out a detailed, specific program designed to combat corruption and anti-competitive practices. It applies throughout the Group and to all employees. A comprehensive framework backed by training Valeo’s ethics and compliance policy is based on a Code of Ethics – in force since 1997 (updated in 2015) and available in 22 languages – and on an Ethics and Compliance Program, which lays out Valeo’s rules on combating illegal practices. In 2015, Valeo harnessed these two tools to achieve the ambitious goal of training virtually the entire target population (mainly engineers