Embedded Supplier Code of Practice in all new supplier agreements and engaged existing material suppliers in Australia
98% of new and 100% of material and strategic
suppliers in Australia accepted Supplier Code of Practice
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.
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.
Suncorp continues to proactively respond to the Modern Slavery Act 2018 (Cth), by identifying and managing the direct and indirect risk of human rights abuses, such as modern slavery and child labour, throughout our value chain. This includes our people, our customers, suppliers and their workforces, as well as monitoring financial transactions and reporting any suspicions of criminal activity associated with them.