Pg. 8
“Siemens Australia used data from Systain to identify that approximately 82% of what we spend is with suppliers based in low-risk countries, with 17% based in medium risk (18% in FY 2021) and 1% based in high-risk countries (2% in FY 2021). There were no material changes in the risk mix, from the previous year.”
pg. 12
“Siemens Australia adopted the Siemens Group standardised Corporate Responsibility Self-Assessment (CRSA) questionnaire module as part of our existing supplier qualification process. The CRSA questionnaire is now mandatory for all third party suppliers who have or are expected to meet a defined threshold.”
Also on pg. 12:
"Periodically we conduct a review of the entire supplier base (using the Systain insights). This enables us to focus on emerging and current risks, and proactively work with our supply chain and/or take necessary actions"
pg. 13:
"Using a risk-based approach, the Compliance department undertakes a desktop audit of (at least) 25% of Siemens Australia supply chain.This independent review utilises global risk data to provide an additional layer of assurance"