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Suppliers Due Diligence
“In 2022, we modified the way we apply our ESG negative news screening capability to suppliers, using ESG risk factors as the threshold criteria rather than contract value. Our processes now screen suppliers in 14 sectors identified as having a high ESG risk, such as construction and food and beverage. The ESG screening covers 28 environmental, social and governance issues including forced labour, child labour, freedom of association and collective bargaining, occupational health and safety issues, and poor employment conditions.”
“We extended a supplier due diligence programme, previously piloted in the UAE by our MENAT team, across Egypt and Türkiye. The approach includes a risk assessment based on a desk-top review informed by a self-assessment questionnaire, after which several suppliers are selected for an on-site audit.”