Managing Risk in our Supply Chain

Managing Risk in our Supply Chain


We continue to enhance our procurement practices and build capability to respond to risks and opportunities in our supply chain.

#Performance Highlights


checklist

Embedded Supplier Code of Practice in all new supplier agreements and engaged existing material suppliers in Australia

achievement

Achieved Corporate Ethics Award from the Chartered Institute of Procurement and Supply


#Supplier On-boarding


We have updated our on-boarding process for suppliers in Australia to incorporate express acceptance of our Supplier Code of Practice. New suppliers are required to confirm they understand and comply with the Code, including expectations in relation to human rights and workplace conditions, safety and wellbeing, environmental impacts, product safety and data protection and privacy.


#Ethical Procurement


During 2019 more than 50 members of our Procurement team completed the Chartered Institute of Procurement and Supply (CIPS) Ethics course. Suncorp has become the first financial organisation in Australia to achieve the CIPS Corporate Ethics Award and we have been recognised on the CIPS Global Corporate Ethical Register for our commitment to safeguarding against unethical conduct in procurement.


#Modern Slavery


Suncorp is proactively responding to the Modern Slavery Act 2018 (Cth) by identifying and managing the risk of human rights abuses, such as modern slavery and child labour, in our operations and supply chain.

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