Our Supplier Risk Dashboard and Heat Map serve as the Company tool to facilitate the early detection of sustainability risks in the supply chain. The Supplier Risk Dashboard identifies sustainability risks for each category against 8 focus areas: energy, emissions to air, natural resources, biodiversity, water, waste, pollution, and labor & ethics, and provides an overall category risk rating. If a category is found to constitute a high overall risk, or contains high risks in relation to the focus areas, category managers will incorporate questions into tender documentation and performance scorecards. The intent is to investigate, mitigate and address these potential risks.
If supplier practices do not meet our Standards, we will work with them to achieve compliance. Where compliance is not possible, and progress cannot be made, we may be forced to seek alternative supply. Molson Coors may also request further verification from suppliers in the form of self-assessments via a third party or site audits. In 2015:
- Audited 43% of Tier 1 suppliers and 91% of high risk suppliers (43 of 46).
- 90% of assessed Tier 1 suppliers have a corrective action plan.
- 70% of suppliers with corrective action plans have improved their ESG performance since the plan was launched.