updated over 2 years ago by Organisation for Economic Cooperation & Development (OECD)
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"Umicore has a process in place that ensures that transport documents are obtained and that transactional details are recorded.
This procurement data provides information on the source of the raw materials and allows Umicore to consolidate the incoming cobalt material into a “materiality overview” in order to provide a view of the quantities of cobalt procured during 2017.
Additionally, Umicore is able to identify the mines from which the procured cobalt material originates through a chain of custody documentation and an additional origin confirmation from suppliers that source from several mining locations.
Umicore maps its entire internal raw material flow, production processes and product flows for all cobalt products. As a result, Umicore has an overview for each end product linked to the suppliers and mining locations."