Metrics and Targets
G1-4 – Incidents of corruption or bribery
There were no convictions and no fines for violation of anti-corruption and anti-bribery laws in the reporting period.
We are constantly reviewing our procedures to prevent, detect, and combat allegations or incidents of corruption and bribery, including our procurement process.
Data on fines, penalties or convictions related to violations of anti-bribery and anti-corruption laws as well as any legal proceedings for late payments has been collected and confirmed by the Local Compliance Officers of each legal entity.
The entity-specific information on the potential compliance incidents is listed in the Risk and Opportunity Report and included here by reference. SEE RISK AND OPPORTUNITY REPORT
G1-6 – Payment practices
adidas values the relationship with all of its suppliers and we aim for a balanced approach to meet market conditions with regards to payment terms for all our suppliers. Consequently, we do not have the capability to identify small- and medium-sized suppliers in our systems at this point in time. We are working on a solution but considering the size and scope of our business, as well as the number of suppliers, this might take some time. Until then and to still comply with ESRS requirements, we are working with the assumption to report the payment terms that more than half of our suppliers have, which should cover a significant portion of small- and medium-sized suppliers as well:
adidas standard payment term is 60 days from the invoice receipt date and 51% of our suppliers are aligned with these terms. These 51% are paid in average within 68 days and 92% of the payments to these suppliers are processed on time.
For all of our suppliers, there were zero cases of legal proceedings for late payments registered in 2024.