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.
During 2018, the Central Purchasing Department launched the “Group Purchasing Rationalization” Project, included in the 2018-2021 Business Plan, in order to extend the Local Purchases of the Group companies: the management process, the methodology, the system of controls and tools adopted by the Central Purchasing Department, including the application solution of the Supplier Gate, and, at the same time, including within the scope of centralized purchases, those until now still carried out independently by Bank 5, Insurance Division , Private Division, Asset Management Division, Foreign Companies (starting from the Vendor Management module for the Slovak Bank Všeobecná Úverová Banka “VUB”). Within the scope of the companies involved in the Project, the objective is:
make the purchasing processes and the "best practices" shared at Group level;
guarantee a preventive analysis of the counterparties in order to select the suppliers with which to operate;
carry out constant monitoring of the entire supply chain and targeted control also on compliance with the maximum incidence limits of our order on supplier turnover.
In the purchasing policies, the guiding principle is to acquire the goods / services required with the best quality / price ratio (also to meet the cost containment objective), ensuring quality and service levels, taking into account also operational and reputational-related risks and respecting the general environmental and social responsibility guidelines.
In this context the new Group Procurement Guidelines and the Rules relating to purchases integrate social and environmental responsibility criteria in a transversal and well-structured manner and 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), especially 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/sub-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: