Procurement Policy summary

The Company depends upon its suppliers to provide fully compliant, cost-effective equipment, goods, services and solutions, which are an integral part of the products provided to its customers, and which also support the effective operations of our businesses and our standards of business conduct. 

Our Policy defines the requirements to be implemented by the businesses for the establishment of minimum standards of Procurement control, the management of external supplier-related risk, and appropriate Company-wide collaboration.

Our Policy covers the following requirements:

• Procurement controls in accordance with the Fraud Prevention and Finance Policies including employee training and due diligence of suppliers commensurate with the size, nature, location, and risk profile of each supplier relationship;
• Relevant risks regarding supplier relationships are assessed, managed, and reported at an appropriate level;
• Expectations are communicated within our supply chain including communication of the Supplier Code of Conduct to the Company’s suppliers;
• Responsible supply chain activities are a consideration in the management and evaluation of our supply chain including assurance activities (using the Supplier Code of Conduct as a framework) periodically undertaken;
• Procurements of IT Products or Services are executed in compliance with Company IT standards, policies, and governance frameworks; and
• Appropriate Procurement collaboration with other businesses to identify, support and leverage opportunities across the Company (performed within each Business in compliance with existing Company governance and applicable legal, regulatory and contractual obligations).

 
Publication date: 20 May 2025