The due diligence procedure aims to provide an equitable evaluation of new partnerships' potential advantages and drawbacks tailored to each case. This enables the personnel negotiating these collaborations to make well-informed decisions regarding the optimal locations, timing, and methods for partnering with specific companies.
The main objective of this audit is to seek independent and objective assurance on:
Supplier’s adherence to feedstock supplier standards (commercial due diligence)
Supplier’s adherence to Sustainability requirements (sustainability due diligence)
Adequacy and effectiveness of supplier’s procurement and financial management controls and practices (procurement and financial due diligence)