Sidenor 2022 Sustainability Report

108 Sustainability Report 2022 | Commitment to society for quotation to supplier selection, comparison of quotations, support in negotiation and purchase order award management. We are thus able to reach the highest productivity and efficiency rates in the negotiation and award of purchase orders with suppliers, as well as to ensure transparency in the whole process. Due to the pandemic, volatility and uncertainty, which were already present in the previous years, grew exponentially. Supplier risk management, flexibility and agility are fundamental factors which must be considered when designing a strong supply chain. In our 2021 report, we mentioned the project to launch a platform to monitor the risk level of our supply chain according to ESG criteria. We are pleased to confirm that this project was launched in June 2022, with the implementation of said electronic platform managed by the company GoSupply. Subsequently, in November, we issued a communication to all our suppliers, informing them of the start of the process, as well as the obligation to register in order to participate in future tenders. As of December, over 50% of our suppliers had already completed the registration process and we had started to measure their level of sustainable risk. Lines of progress in 2023 Over 2023, we will complete the GoSupply platform process, including 100% of our suppliers, which will allow us to perform a continuous monitoring of the risk level and ESG compliance of our supply chain.