Bridgestone Corporation, the world’s largest tire and rubber company, announced on Tuesday a new Global Sustainable Procurement Policy which it hopes will help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry as a whole.
The new Global Sustainable Procurement Policy serves to represent the company’s commitment to shifting its procurement processes to drive action intended to support long-term environmental, social, and economic benefits, and will be applied to all purchased materials and services, and apply to all suppliers globally.
Bridgestone is aiming to reach a target of using 100% sustainable materials in all of its products by 2050, and the new Policy combines a variety of company guidelines into a single document that outlines minimum requirements for companies looking to do business with Bridgestone. The Policy also sets out preferred practices that can contribute to increasing the sustainability of supply chains. The Policy addresses four major areas that Bridgestone is focusing on:
- Transparency – including traceability and good governance
- Compliance – adhering to laws and regulations in the countries and regions in which Bridgestone conducts business
- Quality, Cost and Delivery (QCD) & Innovation – ensuring high quality materials and services are delivered on time and at reasonable costs, while also pursuing innovative technologies that support improvements across global communities
- Sustainable Procurement Practices – incorporating environmentally responsible procurement, such as compliance with environmental laws and regulations, respect for human rights, water use, land use and conservation, health, safety, disaster prevention and resilience
“Our new policy is a critical step in realizing the Bridgestone Group’s global corporate social responsibility commitment, “Our Way to Serve,” which provides a framework for how we do business, develop products, and interact with customers and communities,” said Masaaki Tsuya, CEO and Representative Executive Officer, Bridgestone Corporation. “We recognize our ability and responsibility to drive change and improvements in the ways that industry interacts with the environment and communities around the world. We expect our suppliers and partners to work with us in pursuit of sustainable supply chains, efforts which are never-ending and which require collaborations with all industry players, including communicating with the various audiences in order to generate broader public awareness.”
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