Ethical Procurement
Our Supplier Relationships
SAFRA is committed to a genuine continuous improvement process, one which is reflected at all stages of the purchasing process, and which mobilises all our suppliers. SAFRA’s commitments to its suppliers are:
- To create a balanced, sustainable, and mutually fair relationship between SAFRA and our suppliers
To strengthen our collaboration and communication, especially with strategic suppliers - To control the risks of mutual dependence
To choose suppliers by evaluating the total cost of the purchase
To ensure that the company is well informed about its needs and direction, particularly in terms of R&D and innovation - To consider the environmental and societal impact of the product or service
SAFRA looks at all these dimensions, ensuring a fair and equitable contractual relationship.
The Ethical Procurement Charter
This Charter clarifies SAFRA’s expectations of its suppliers and subcontractors. This Charter also aims to share the CSR strategy that SAFRA has put in place with its suppliers and subcontractors, and to ensure their involvement in sustainable development.
Working with SAFRA
Suppliers who work with SAFRA must be familiar with the Ethical Procurement Charter, and commit to respecting its content, in order to develop and maintain optimal relations with SAFRA.
This Charter clarifies the SAFRA’s expectations towards its suppliers and subcontractors. It also aims to share the CSR strategy that SAFRA has put in place with its suppliers and subcontractors, and to ensure their involvement in sustainable development.
