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Suppliers

Our suppliers are both business partners and stakeholders in UniCredit. Our Integrity Charter provides a basis for our interactions with them, calling for partnerships that are rooted in fairness, trust and mutual respect.

Our agreements are designed to provide satisfaction for all parties.

 

UniCredit has been working toward harmonizing its procurement systems to ensure that goods and services acquired by our Group comply with our sustainability and environmental conservation policies.


These changes will be implemented in stages as we extend and expand our current pilot projects, define detailed environmental standards for purchasing, improve our approach to supplier selection, develop training programs for purchasers and product end-users, and expand our dialogue with suppliers.

Policy and selection criteria

In 2012, we completed the first wave of changes to our product procurement sheets, which primarily focused on specifying environmental and social standards for the goods and services we purchase from external vendors. The first product sheets were officially launched in 2012.

 

Under the new guidelines specified in our Green and Social Procurement Policy, preference is given to suppliers who are able:

1. to demonstrate significant reductions in their greenhouse gas emissions, resource consumption and waste generation

2. to show compliance with the labor standards of the International Labour Organization (e.g., freedom of association, collective bargaining, prevention of child labor and forced or compulsory labor)

3. to demonstrate progress in mitigating the health and safety impacts of their entire supply chain.

Their records on these issues are queried using supplier questionnaires, including one on Social Standards & Labor Law and another on Environmental Management.

 

Our goal is to apply the new vendor management system to 70 to 80 percent of our suppliers in Italy, Austria and Germany by 2016.

 

In our procurement process, local suppliers are usually preferred because reduced transport requirements result in reduced emissions and resource consumption. To assess our performance on this front, we calculate what percentage of our spending goes to local suppliers. We define a local supplier as one that issues invoices and receives payments in the same country in which the goods or services are provided.

 

One initiative in the field of procurement involved upgrading UniCredit buyers to using Humus, the new green e-procurement platform developed by i-Faber and the WWF. At the end of April 2013, 34 people at UniCredit S.p.A. had completed a course on "Green Procurement for Purchasing Managers."

 

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i-Faber for our evironmental sustainability program

Sustainable procurement was among the key priorities of the Environmental Sustainability Program we developed with WWF International. 

 

i-Faber, a procurement services firm and UniCredit subsidiary, is among our chief sources of services and solutions, and is an important resource in improving our performance in sustainable procurement.

 

i-Faber and WWF teamed up in 2012 to develop and implement Humus, a vendor management tool.

More than just a program, Humus is a transformative initiative.

It includes awareness-raising training programs and provides thorough screening assessments of service providers, detailed product selection sheets and a "green" ratings system that can influence purchasing decisions.

 

Updated on January 20, 2016.