Managing our supply chain
Kinross’ Supplier Standards of Conduct (SSoC) were approved and rolled out in 2012 across our supplier base.
Developed to provide a set of broad Kinross-specific standards in the top five priority areas of safety, human rights, labour standards, environment, and business conduct and ethics, the SSoC builds upon the Company’s Code of Business Conduct and Ethics, the Principles of the UN Global Compact and aligns with Kinross’ Ten Guiding Principles for Corporate Responsibility. By the end of 2012, we had obtained commitments from our key suppliers representing 80% of Kinross’ total spend. We are creating a supplier portal, and sign-off on the SSoC will be a standard requirement for all suppliers.
As signatories to the Kinross standards, suppliers are required to reaffirm their understanding and agreement to comply with the SSoC every three years and to consent to periodic on-site review of their operations. To monitor compliance, we conduct periodic on-site visits of suppliers, which include interviews with management and employees on site. If needed, corrective action plans are put in place to ensure follow up as required.
To support our commitment to responsible management of supply chain, annual training on the key requirements of the SSoC is carried out corporately and at all of our sites, and includes a particular focus on ethical procurement to foster understanding of anti-corruption and bribery at each operation.