| Proportion of spending on local suppliers | |||
| 2023 | 2024 | 2025* | |
| Total amount spent on suppliers (millions of US$) | 1.617,62 | 1.712,94 | 47,94 |
| % of spending with local suppliers¹ | 6,48% | 6,81% | 3,44% |
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(*) The decline between 2024 and 2025 is due to limited availability of information on company size, which affects the scope of the indicator. This has contributed to a decrease in the reported volume of local purchases in recent years, without necessarily reflecting an equivalent decline in the share of local suppliers in domestic procurement. ¹ Person or organization that provides a product or service to the reporting organization and is geographically based in the same market as the reporting organization (i.e. no transnational payment to the supplier is made). The geographic definition of “local” can include the community surrounding the operations, the region within a country, or a country. According to VID’s Local Supplier Development Policy, local suppliers are defined as those located within the area of influence of Votorantim Industrial’s operations, using local labor, collecting taxes and generating jobs in the region. |