SUPPLIER MANAGEMENT
Counting and relying on others, trusting that networks help build pathways that drive each party to achieve their goals.
Supplier Payments
Until 2020 Molymet’s supplier payments were certified with a ProSME seal. Today it adheres to Law No. 21.131, which mandates timely payment within 30 days of correct receipt of supplier invoices. In the case of services, payment is also subject to compliance with labor obligations for the month during which the work was done.
Number of Supplier Invoices Paid in 2021
114
1.056
22
325
3
26
Total Value of Invoices Paid in 2021
$14.107.627.407
$339.120.989.334
$210.336.014
$115.360.938.453
$1.193.231
$1.613.120.297
Number of Suppliers Represented by Paid Invoices
308
15.299
38
4.870
3
205
In 2021, no penalty interest was paid for delayed invoice payments. In contrast, there is no record of payment agreements with exceptional terms registered with the Ministry of Economy.
Supplier Assessment
Molymet has a Corporate Supplier and Contractor Policy that defines sustainable development principles for the supply chain of inputs and services. The objective of this policy is two-fold: to build long-term partnerships that add value to our processes and products and to encourage our stakeholders to adopt sustainable practices in order to involve them in Molymet’s management systems.
The guiding principles of the supplier policy are
Business integrity
Equal opportunity
Responsible business practices
Human rights
Quality
Health and safety
Active communication
Conflict of interest
Confidentiality and intellectual property
Value creation
Environmental responsibility
New suppliers providing services at MolymetNos must undergo a social impact assessment in accordance with the subcontracting law. They are assessed from an environmental perspective once they have finished providing the service.
In 2021, 91 suppliers were examined based on social and environmental criteria, representing 60% of all suppliers and 7.2% of total purchases for the year.
Our subsidiaries worked throughout 2021 to define sustainability criteria to be used in assessing suppliers.
91
suppliers assessed based on social and environmental criteria
60%
of all suppliers assessed using these criteria
7,2%
Suppliers with assessments represent of all purchases
