Wood is committed to remaining an ethical value chain partner, in the services we deliver to our clients and those we procure through our supply chain partners. Our supply chain code of business conduct ensures we remain committed to high ethical and environmental standards. All suppliers must sign up in compliance to Wood’s Supplier Code of Conduct.
Supporting delivery of our Code of Conduct, Wood’s Supply Chain Standard provides the minimum requirements and common approach for Supply Chain activities across Wood. This is applicable globally to all business units and central functions. Supply Chain activities cover Purchasing, Subcontracting, Material Management and Supplier Management activities. Suppliers are all external organisations which Wood pays for goods or services, in some instances this includes organisations providing goods and services to our clients which Wood manage on behalf of the client.
Our Supplier Evaluation and Management Process details Wood’s standard process for requesting, evaluating and approving new suppliers. It also defines the processes for ongoing supplier management, supplier performance management and supplier offboarding.
Increasing local capacity to support operational demand is vital to ensuring we continue to deliver our services, whilst working with local communities and suppliers to deliver sustainable value in the regions where we live and work.
View our global procurement spend in our ESG Data Sheet.
Wood is a founding member of the industry-led, business financed initiative Building Responsibly. Building Responsibly was born from a desire by businesses to connect in a non-competitive environment on the common challenges to protecting and promoting the rights and welfare of workers. Building Responsibly members are committed to promoting the rights and welfare of workers, specifically for those in the engineering and construction industry. Our involvement with the initiative has given Wood the platform to strengthen our approach to assuring the basic human rights and welfare of those that work for, or on behalf of Wood.
Principles: Building Responsibly Worker Welfare Principles
In 2021, Wood announced a series of sustainability targets. In support of Building Responsibly, we aim to ensure 100% of Wood’s labour suppliers sign up and comply with the Building Responsibly Principles by 2025 and ensure 100% of our suppliers have Building Responsibly Principles embedded into their supply chains by 2030.
Aligning our business to a net-zero future by 2050, we recognise the role our suppliers play in helping to reduce Wood’s carbon footprint. Extending beyond Wood’s milestone goal to reduce our scope 1 & 2 emissions by 40% by 2030, our wider focus on scope 3 emissions looks to better engage our suppliers on carbon reduction and influence ambition towards carbon reduction goals aligned with the science on climate change.