Responsible Sourcing

CPChem backs socially responsible and environmentally conscious procurement practices to secure the goods and services needed to run its global business. We seek out suppliers who share our values and hold high ethical standards.
SDG #12, Responsible Production and Consumption

Our Supplier Principles of Conduct (SPOC) outlines criteria and behaviors we ask our supplier network to uphold.

The SPOC includes expectations for:

• Labor and Human Rights – CPChem suppliers should match our deeply held opposition to human trafficking and support a work environment free of harassment, discrimination and abuse.
• Environmental Responsibility – CPChem expects suppliers to respect the environment and employ industry best practices for managing hazardous waste, transporting goods, preventing pollution and reducing greenhouse gas emissions.
• Health and Safety – CPChem suppliers must prioritize employee safety and provide information and support in areas like emergency preparedness, substance abuse and more.
• Ethics and Compliance – Expectations for ethics and compliance encompass protection against corruption, fraud and conflicts of interests, as well as established processes for responsible sourcing of materials and the ethical treatment of vendors.

Supplier Diversity Program

Through our Supplier Diversity Program, we cultivate long-term relationships with suppliers who demonstrate inclusion of minority groups, small businesses, women, LGBTQ+, veterans and individuals with disabilities. Our objective is to provide these suppliers with opportunities to offer innovative, high-quality, competitive and cost-effective products and services in the communities we serve.

In 2023, CPChem enhanced reporting and tracking of its supplier network to strengthen the company’s Responsible Sourcing Program. We modified procurement processes to include at least one small and diverse supplier in bids when possible, and we have included an ESG assessment in vendor registration and bidding processes.

Read more about CPChem’s Supplier Diversity efforts.

Supplier Diversity at CPChem

Supporting sustainable and diverse suppliers helps us embrace new ideas, achieve a competitive advantage and deliver positive contributions to the communities where we live and work. Watch the video online

Measuring Our Impact

We use third-party assessments to measure progress on ESG topics and gather feedback on our sustainability performance. During the third quarter of 2023, CPChem completed the company’s third EcoVadis Sustainability Assessment and successfully increased its score received in 2022. CPChem’s comprehensive and detailed ethics and compliance policies received special commendation, as did the company’s detailed reporting in alignment with the Global Reporting Initiative (GRI) Index. Overall results placed the company in the top 24% of industry organizations rated by EcoVadis.