In 2020, the CHT Group purchased worldwide raw materials worth more than 260 million EUR from more than 1,000 suppliers.
Sustainability assessment of raw materials
As part of our commitment to sustainability, our raw materials are subjected to an assessment based on the defined criteria. If one of the above criteria is met, the raw material will be marked “red” or “yellow” in the case of the CoRAP criterion and thus becomes a critical raw material with regard to sustainability within the company.
CHT criteria for the sustainability assessment of raw materials:
In 2019, the raw material assessment was rolled out to the entire CHT Group, thus achieving the target set in “Agenda 2020”. At the end of 2020, the proportion of critical raw materials in the CHT Group was 17.4% in terms of volume and 27% in terms of number of raw materials. Already in 2019, 5% of raw materials were eliminated as part of the global assessment. Of the raw materials used in 2020, approximately 10% had not yet been evaluated; these are mainly raw materials used in the recently acquired companies. These raw materials will be valued by the end of 2021.
Raw material projects within the framework of the 2020 Strategy
Within the framework of the sustainability projects up to 2020, goal definitions were made for six individual raw materials up to 2020 with regard to elimination or at least reduction.