We have established processes and guidelines to continuously improve the sustainability of our supply chain and address any non-compliance issues.
The process for supply chain sustainability risk management covers both new supplier evaluation and current supplier base assessment and risk mitigation. This helps ensure that our sourcing decisions are aligned with our sustainability and risk management goals from the very beginning of the supplier relationship.
We are continuously working to improve the transparency and sustainability of our supply chain. To support this goal, we have implemented an AI-powered supply chain risk management tool that monitors global news, social media, and other public data sources in real time. It enables proactive identification, assessment and mitigation of supplier risks, helping us to take a more data-driven and responsible approach to supply chain management.
New suppliers are screened for negative media coverage related to environmental, labour, human rights, governance, financial and legal issues. They are also expected to answer a sustainability questionnaire and we screen them for international trade sanctions and financial data. Finnair will not accept new suppliers with an elevated risk profile.
Supply chain sustainability risks are managed through a proactive risk mitigation process.