The Group Procurement unit has adopted specific internal regulations, to ensure its suppliers are selected on the basis of their professional knowledge and expertise, stability in earnings/financial terms, and ESG profile, and based on the best offer in terms of value for money, in accordance with the requirements stipulated by the units that have requested the product/service concerned, thus ensuring that the selection is based on criteria of transparency and objectivity. The Group is also committed to avoiding situations of conflicts of interest.
Suppliers
The Group ensures its relations with suppliers are based on proper conduct, transparency and parity of treatment.
PROCUREMENT PORTAL - MEDIOBANCA GROUP
Suppliers are invited to conduct their business in accordance with standards consistent with those illustrated in the Group’s Code of Ethics.
All suppliers registered in the Group’s procurement portal are required to comply with:
- Regulations governing the rights of the workers employed in providing the service, in particular the national collective labour contracts for the relevant sector, applying regulatory and compensation terms and conditions that are not inferior to those provided for by the relevant collective contracts and any addenda to them;
- Legal provisions on tax, pension, accident prevention, social security and employment-related matters, and trade union agreements and collective contracts in force for the relevant sector;
- Principles set forth in the Group’s Code of Ethics and Code of Conduct.
Relations with suppliers are conducted based on principles of fairness and integrity, and suppliers are reminded of the need to do business according to standards of conduct which are consistent with those set down in the Group’s Code of Ethics.
All suppliers involved in competitive processes are required to comply with the:
- Regulations protecting the rights of workers employed in the provision of their services and in particular the collective labour contracts for the relevant sectors;
- Provisions in respect of social security, accident prevention and security, and with the specific regulations in force on the subject of health and safety in the workplace;
- The principles set down in the Group’s Code of Ethics when an order is transmitted or a contract executed.