ANZ’s Supplier Code of Practice, which was introduced in July 2011, lies at the heart of our global approach to responsible sourcing.
It was developed collaboratively with key internal and external stakeholders and endorsed by the International Business Leaders Forum (IBLF) as “aligned with best practice in addressing key areas of sustainability.” It also aligns with ANZ’s Code of Conduct & Ethics, Corporate Responsibility framework and approach to human rights, as well as our support of the OECD Guidelines for Multinational Enterprises and the UN Global Compact.
We expect our suppliers to comply with our Code of Practice as a condition of doing business with us, and manage performance in a way that takes into account local laws and culture. The Code provides an indication of our expectations under five headings:
The Code is available for download in:
All suppliers are expected to comply with ANZ’s Supplier Code of Practice as a condition of doing business with us, and encouraged to influence their own supply chains to do the same.
We provide a Supplier Code of Practice Self-Assessment Tool (XLS 56kB) to enable our suppliers to rate their level of compliance against the Code.
This rating is a useful tool that enables discussion of regional considerations, areas of strength and opportunity for improvement. Areas in need of significant improvement inform the development of mutually-agreed remediation action plans.
An essential component of our Supplier Code of Practice is a Supplier Verification program, which operates at a corporate level. Suppliers are selected for audit on an annual basis following a review of category risk and spend. To assess material risks, ANZ uses a tool which has been developed in partnership with the International Business Leaders Forum (IBLF).
Supplier audits are conducted in partnership with our suppliers using an external party. We conduct both desktop and in-house audits using protocols which have been developed against the ISO standard 26000. This approach ensures there is consistency in the results.
At the conclusion of all audits, a report is supplied simultaneously to the supplier and ANZ for review and remediation where it is mutually agreed. Where it is evident that suppliers are not committed to this process, ANZ will review the business relationship.
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