Supplier Code of Conduct
Suppliers must comply with all applicable laws, regulations and rules in the countries in which the Supplier is located or does business.
- Health and safety – Suppliers must act positively to prevent injury, ill health, damage and loss arising from their operations.
- Working and living conditions – Suppliers must provide workers with suitable working and living conditions, where appropriate.
- Sustainability & environment – Suppliers shall ensure that their business operations are conducted with the aim to protect and preserve the environment.
- Products & services – Suppliers shall supply products and services which meet all applicable safety and quality standards.
- Anti-bribery & anti-corruption –Â All business must be conducted free from any and all forms of corruption or bribery.
- Financial crime – Suppliers must implement sufficiently robust risk management procedures and internal controls to detect, prevent, deter and respond to all forms of financial crime.
- Export controls & trade sanctions – Suppliers are required to comply with all applicable trade rules, export controls, restrictions, sanctions and import-export embargos.
- Competition/antitrust – Suppliers are to compete fairly and must comply with all applicable competition and anti-trust laws.
- Data privacy – Suppliers must comply with all relevant data protection laws.
- Conflicts of interest – Suppliers must not engage with Innospec employees in any way that could cause a conflict of interest.
- Confidentiality – Suppliers must respect and safeguard Innospec’s intellectual property.
- Insider trading – Suppliers must not unlawfully use insider information relating to Innospec for material gain.
- Record keeping – Suppliers must ensure that all business dealings are transparent and accurately and completely recorded.
- Conflict Minerals – Suppliers are expected to adopt policies and management systems consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act and the EU Regulation 2017/821 on conflict minerals.
- Fair treatment of employees – Suppliers must treat their workers fairly and prevent any form of abuse or discrimination.
- Modern slavery – Suppliers must not permit any form of forced, bonded or child labour or human trafficking and must not permit any form of unacceptable treatment of workers.
- Terms of employment – Suppliers shall commit to implementing a fair policy of employment and remuneration and comply with all applicable laws relating to minimum wage and working hours.
- Trade unions and collective bargaining – Suppliers must respect and recognise all applicable legal rights of workers to freedom of association and collective bargaining.
- Grievances – Suppliers are to provide a mechanism for individuals to raise concerns about actual or potential violations of law or the principles provided in our Supplier Code of Conduct.
- Third party due diligence
- Third party compliance training
All potential customers and suppliers are screened to ensure that they are not currently on any global sanctions or debarred lists. We also undertake due diligence on our agents, distributors and certain consultants (third-party representatives).
The level of due diligence conducted depends on risk factors such as the nature of the relationship with the third-party representative, territory of operation and business division. We put accounts on hold where there are any compliance related questions or concerns and only release them when the issues are resolved or will terminate contracts for compliance related reasons where necessary.
Supplier Performance
All medium and high risk third-party representatives are required to complete our online Anti-Bribery for Business Partners training course and an annual Anti-Corruption and Code of Conduct online compliance certification. If training or certification is not completed within a specified timeframe, we withhold approval for the appointment of that third-party representative or place their account on hold, meaning no sales orders can be processed or work commissioned. If training or certification is still not undertaken within a reasonable extension period, the relationship is terminated.
- Evaluating supplier performance
- Improving supplier performance
We have used EcoVadis to assess our key global suppliers since 2016. The platform enables us to rate the relative risk of suppliers against a database of over 150,000 global companies in over 185 countries. Our supplier evaluation process incorporates EcoVadis assessment scores into our procurement procedures and it is a requirement for all suppliers meeting agreed spend thresholds.
In 2025, we continued to promote the EcoVadis platform within our supply base. Over the course of the year, an additional 163 of our suppliers were assessed or joined the onboarding process, bringing the total to 369, representing 55.4% of our global spend.
Whilst we continue to onboard new accounts that meet our relevant criteria, we have shifted our primary focus to start targeting our lowest scoring or higher risk suppliers to help them better understand the output of the evaluation. This process involves liaising with both EcoVadis and the supplier to understand poor performance areas, and then implementing corrective action plans to improve their rating across the four pillars of the platform. As a result, in 2025, our average supplier score increased to 68.3 which remains significantly higher than the EcoVadis average of 56.7.