Responsible procurement involves more than setting expectations for suppliers. It also requires setting a vision that enables Chemours to embed responsible sourcing into our supply chain in ways that reduce environmental impact, uphold labor and human rights, ensure ethical practices, and help communities thrive. This vision—which includes fundamental sustainability attributes such as safety and security, continuity and resilience, and social and environmental responsibility as well as profitability, reliability, and quality—guides our business strategies in a manner that encourages and delivers longer-term, more responsible performance.
As a strategic business partner that champions responsible sourcing, Chemours has a clear strategy for how we conduct and manage procurement activities that is built on partnering with suppliers and customers to create a more sustainable supply chain. We work with suppliers who align with our values and sustainability commitments, which include:
- Providing a safe workplace and complying with all applicable regulations
- Protecting and advancing human rights
- Sharing our commitment to environmental stewardship
Partnering with us to create sustainable supply chains and deliver business value, our expectations are clearly outlined in our Supplier Code of Conduct, which is available in Chinese, Dutch, English, French, German, Japanese, Korean, Portuguese, and Spanish.
The Responsible Procurement team, sponsored by our Chief Procurement Officer, drives our sustainability goals across the supply chain and leverages valuable sustainability platforms to execute our strategy. We accelerate meeting these goals by providing suppliers with the resources they need to build capabilities and knowledge in sustainable procurement practices.
Supplier Due Diligence
We measure supplier sustainability performance through our Supplier Corporate Responsibility Assessment (SCRA), conducted in partnership with EcoVadis, a third-party provider of business sustainability ratings for global supply chains. We evaluate across four environmental, social, and governance categories: ethical business practices, social performance, environmental performance, and sustainable supply chain. At the end of the assessment, the supplier receives a scorecard with recommended opportunities to improve their performance.
EcoVadis scorecards are part of our supplier evaluation and due diligence process. Chemours sets minimum performance requirements for the assessment scorecard result. Suppliers must meet these standards to align with Chemours’ sustainability goals. If a supplier’s score is below expectations, Chemours requests a Corrective Action Plan through the EcoVadis platform, where suppliers must propose steps to improve their performance. In turn, Chemours supports them in developing their capabilities and may request third-party audits to ensure compliance and continuous improvement.
2024 Actions Toward Responsible Procurement
Raising the Bar on Our Corporate Responsibility Commitment Goal
In 2024, 81% of suppliers, by spend, demonstrated an average 29% improvement in their sustainability performance versus the 2018 baseline. This exceeds our goal to establish a baseline for the sustainable performance of 80% of suppliers and demonstrate a 15% improvement. As a result of this success and to drive continued improvement, we are in the process of developing a new goal that will be announced in future reports.
Partnering with Suppliers
In 2024, we continued to expand the number of suppliers we assess by matching supplier segmentation to spend—ensuring that we assess our most critical supply base. We also are expanding our commitment to collaborate with suppliers to improve their upstream environmental performance. This will help us support our goal to reduce Scope 3 emissions by 25% per metric ton of production by 2030.
To achieve this, we are partnering with suppliers to collect product carbon footprint (PCF) data using the Together for Sustainability (TfS) PCF Exchange solution. This secure platform ensures transparency and accuracy in emissions reporting, enabling us to track and manage upstream supply chain emissions more effectively. By leveraging TfS guidelines and resources in alignment with our Responsible Procurement program, we support suppliers in calculating and sharing their PCF data, which can help them identify and support more sustainable practices that contribute to our decarbonization efforts.
The Chemours Company is a global chemistry company that believes through transformative partnerships we can amplify our impact and work together to help solve the world’s biggest challenges. Read more about how we work with suppliers, partners, and customers to improve sustainability performance and reduce supply chain risks in Chemours’ latest Sustainability Report.
