The business is supported by a wide range of suppliers and contractors. Many of the Group’s policies are implemented in close collaboration with its business partners. Through regular dialogue and cooperation, the Group and its partners are able to deliver sustainable value to all of its stakeholders.
Sourcing responsibly and engaging suppliers
The Group addresses supply chain challenges through risk management, responsible sourcing, supplier engagement and oversight. In order to ensure integrity in its supply chains, the Group requires its partners to meet certain criteria and standards in terms of quality, environmental performance, social, ethical, health and safety, and regulatory compliance.
Approach to supply chain management
The Group adopts international best practices and follows a set of fair, unbiased and transparent tendering process. Tenderers are required to declare any conflict of interest and take a firm stance against fraud and misconduct. Supplier relationships will be suspended or terminated if contravention is discovered.
The Group strives to bring a positive influence to the business community by setting expectations in environmental, social and governance related matters with key suppliers. The Group expects suppliers to observe similar environmental, social, health and safety and governance considerations when carrying out their own operating practices. The Group sets out policies including purchasing policy, business partner evaluation policy and anti-corruption policy. These are in conjunction with various controls and procedures, which provide direction and guidelines on evaluation and engagement with major business partners. Its procurement teams are trained to apply these policies and procedures with due care and diligence when engaging suppliers.
