Intesa Sanpaolo is aware that the quality of supplier relations and the procurement policies adopted can also create the necessary conditions to foster an economic development focusing on the protection of the environment and the respect for human rights and workers.
In 2012, the Bank developed the Group Procurement Centralisation Project. Designed mainly to standardize the procurement rules and processes and to apply a standard model within the Intesa Sanpaolo companies, the project also proposes greater awareness of social and environmental responsibility issues.
In the purchasing policies, the guiding principle is to acquire the goods / services required with the best quality / price ratio to meet the cost containment objective, ensuring quality and service levels, taking into account operational risks and respecting the general policies relating to the environmental issue and the overall sustainability of the choices made.
In this context the new Group Procurement Guidelines and the related Implementing Rules integrate social and environmental responsibility criteria in a transversal and well-structured manner and require all the departments involved to take them into due consideration during the sourcing process, from the request for quotation to the request for the offer and supporting information.
The Guidelines, adopted by the Intesa Sanpaolo banks and companies in Italy and abroad, define the principles relating to purchases that must be respected by all the departments involved in the process. In particular:
adherence to the principles of the Code of Ethics (PDF - 889 KB), mainly as regards transparency and fairness in suppliers selection and the sourcing process; adherence to the Group Internal Code of Conduct and - for the Italian companies - to the Organisational, Management and Control Model in accordance with the Legislative Decree no. 231/01,
compliance with thepoliciesconcerning social and environmental sustainability, to ensure all along the supply chain respect for the environment, human rights, working conditions, health and safety and business ethics, through the adoption of measures and tools designed to minimize negative impacts and to promote awareness of risks and opportunities in the social and environmental field,
compliance with workplace safety regulation, also with regard to the risks which the service providers and suppliers operating in local banks / companies of the Group are exposed to.
Intesa Sanpaolo has also introduced in its purchasing practices environmental criteria and, since 2011, has adopted specific policies that define: