Raw materials are the backbone of European industry. Securing the supply of high-quality raw materials at competitive prices for the EU industry is a priority for BusinessEurope. As strong supporters of the European Commission raw materials initiative, European companies are increasingly committed to ensuring that production and sourcing are done in a sustainable manner. However a balance has to be struck between promoting sustainable supply chains, existing business models and company competitiveness. We need to prevent undue bureaucracy and reporting, avoiding duplication for instance by aligning verification systems.