ESG Report2025 v2 - Flipbook - Page 55
The Second phase involves working with our
suppliers to reduce environmental impacts
across our supply chain, with a particular
focus on products, packaging and the
logistics of our business partners’ imports and
exports.
Phase three involves our business partners
completing SMI’s responsible sourcing and
sustainable self-assessments, mapping
their supply chain across component tier
partners and completing the responsible/
ethical questionnaire. SMI has set a target to
have 100% of supply chain partners to have
completed our self-assessment by 2026.
Phase 昀椀ve involves our business partners
completing and providing evidence of their
latest Ecovadis score rating. Aligned with
our RSPS, SMI completed our 昀椀rst Ecovadis
assessment in 2023 and have committed
to continuing this assessment annually.
SMI recognises that, as of 2025, not all
our business partners have completed an
Ecovadis rating. However, to strengthen our
RSPS and our overall ESG strategy, we have
set a target to have 60% of our business
partners complete Ecovadis Ratings by 2028.
SMI: ESG REPORT 2025
As part of our RSPS Phase one, we are
committed to ensuring that 85% of our
suppliers calculate their emissions and align
with Science Based Targets or equivalent by
2026. We expect that by 2026, all business
partners will publicly commit to setting
long-term reduction targets focused on SMI’s
昀椀ve core environmental areas as outlined
in this RSPS and will con昀椀rm these targets
with us. Within two years of committing their
reduction targets, each business partner
will be required to annually calculate their
emissions across all relevant categories in
scopes 1, 2 and 3 (with all relevant purchased
goods, services and product scope data
supplied to SMI upon request).
Phase six focuses on documenting the
carbon life cycle analysis (LCA) from cradle
to grave. Supporting SMI in facilitating
a more sustainable approach to product
development and strategy across key phases
including industry standard ISO 14040 and
ISO 14044, or the equivalents.
MODERN
SLAVERY
STATEMENT
Phase four involves establishing nonnegotiable conditions that require adherence
to the expectations and targets outlined in
the RSPS when onboarding new business
partners and assessing our current business
partners. Then implementing any necessary
changes when achieving these goals in good
faith, considering all three pillars of our RSPS
where relevant.
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