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Sustainable procurement
We have a fair, sustainable, responsible and ethical approach to procuring and delivering goods and services.
We understand that as a large organisation with an extensive supply chain, our procurement choices have (actual or potential) social and environmental impacts.
One way we can make a difference to the communities in which we operate, is to strive to create a balanced, sustainable economy in which everyone can take part.
We seek to engage suppliers who have diverse ownership, such as Indigenous owned businesses (for example, as part of our approach to Reconciliation in Australia) as well as disability enterprises and social enterprises amongst others, through our direct and indirect supply chain.
Our approach to sustainable procurement is guided by our:
- Supplier Code of Practice (SCOP) which outlines our minimum requirements for suppliers in relation to human rights, workplace relations, workplace health and safety, ethical business practices, information management and confidentiality, accessibility, environmental management and supplier diversity
- Compliance with our SCOP is supported contractually and through risk-based screening undertaken by an independent third party
- Our Purchasing Policy, which defines the principles and behaviours of everyone involved in procurement, to ensure fair, safe and reasonable conduct.
Our SCOP aligns with our Code of Conduct, Environmental, Social and Governance (ESG) focus areas and our approach to human rights and supports the Organisation for Economic Co-operation and Development Guidelines for Multinational Enterprises and the United Nations Global Compact. The SCOP was last updated in 2020.
Our SCOP applies to all suppliers across our operations and reflects our commitment to working with our supply chain to understand and minimise the social and environmental impacts of our mutual business operations.
Our SCOP requires that all suppliers not engage in trade activities or include in the supply chain any goods or services sourced from sanctioned persons, countries or organisations in accordance with current United Nations Security Council sanctions, US sanctions and any local or regional sanctions as mandated by governments in the relevant jurisdictions or engage in unethical business practices.
We realise there is a risk we may cause, contribute or be directly linked to potential modern slavery risks through our operations and supply chain. We are committed to improving our approach to identify, assess and manage these risks and report our progress through our annual Modern Slavery Statement.
You can find our historical Modern Slavery Statements on our ESG reporting page.
ANZ's 2021 Environment, Social and Governance (ESG) Supplement
This report provides detailed information on ANZ's sustainability performance and challenges. In response to stakeholder feedback, for the first time, we're releasing our ESG Supplement at the same time as the Annual Report.