Apollo Tyres have announced that their raw material procurement process has been successfully validated by a third party recently for the ISO 20400:2017 Sustainable Procurement standard. Apollo Tyres is the first company in the automotive sector in India to achieve ISO 20400 certification.
Sustainability Accreditation for Apollo
Commenting on the achievement, Sunam Sarkar, President and Chief Business Officer, Apollo Tyres said: “Sustainability being one of the key enablers of our Vision 2026, this is an important milestone in that journey. I would like to commend the Corporate Procurement and Sustainability Teams on achieving this within a short span of time. We believe that this is a great first step, and we intend to carry forward the rigour in alignment with our Sustainability Goals.”
ISO 20400:2017 provides guidance to organisations, independent of their activity or size, on integrating sustainability within procurement, as described in ISO 26000. It is intended for stakeholders involved in, or impacted by, procurement decisions or processes.
The Company’s procurement team has undertaken a rigorous process to realign its existing practices, including the strategies, policies and processes, to embed the sustainable procurement elements. The validation exercise that started in August 2022 is a culmination of a rigorous 3-stage assessment - initial, intermediate, and final- by TUV SUD auditors through onsite visits and virtual engagements with the relevant stakeholders.