Forging Partnerships: SOMFY Collaborative Approach with Suppliers

To materialize this ambition, the Group has established a code of conduct that clearly defines the ethical, social, and environmental standards its suppliers must adhere to. This framework aims to ensure their commitment to principles of responsibility while also encouraging them to actively engage in continuous improvement. Thus, SOMFY Group and its partners together build a more balanced and sustainable relationship, marking a turning point in how they conceive and experience commercial cooperation. 

In 2023, SOMFY Group innovated by creating the “Relation Impact Index.” This indicator, assessing the quality and depth of its relationships with suppliers, has become a crucial barometer of their collaboration. For this inaugural year, the “Relation Impact Index” was established and measured based on a comprehensive survey that collected the perceptions and expectations of its suppliers. With an initial score of 2.83 out of 5, the index reveals room for improvement, reflecting successes and challenges to address. Annual surveys will track its evolution, measure the impact of actions undertaken, and nourish the long-term relationship for mutual benefit. 

In 2023, the implementation of the “Relation Impact Index” has already enabled SOMFY Group and its suppliers to work together on three axes of improvement:  

As key players in SOMFY Group's value chain, suppliers are involved in a responsible purchasing process. In addition to its Sustainable Purchasing Policy, the Group has incorporated an environmental criterion in selecting its suppliers and requires each to sign the code of conduct issued at the end of 2022. All these elements contribute to establishing a healthy relationship between SOMFY and its suppliers.  

Economic uncertainties such as inflation and rising costs highlight the need to work together transparently. SOMFY Group decided to take it a step further by initiating a collaborative approach with its suppliers. 

SOMFY Group's goal is also to better involve its suppliers in its corporate project and innovation needs, to derive mutual benefits. To this end, the Purchasing Department led two major events in 2023 to engage with its suppliers: 

- An "E-Supplier Day", bringing together the Group's 191 major suppliers, was an opportunity to present them with the SOMFY 2025 One Way execution plan, its values, and the resulting common roadmap.     

- Following a call for applications to which 60 suppliers responded, a “Supplier Innovation Day”, held at SOMFY's R&D Center, allowed 10 of them to showcase their potential in technological innovation and sustainable development, while SOMFY experts presented the latest technical roadmaps.