Environmental and social criteria are integrated within our Group-wide Procurement Policy to enable us to identify, assess, and manage the associated risks around our supply chain.
Our policy includes compliance with local laws and regulations as a minimum – while our Vendor Code of Conduct outlines a common set of standards and expectations. All suppliers and vendors are expected to share our values and abide by our Vendor Code of Conduct which outlines a common set of standards on environmental responsibility, human rights, labour practices, diversity and equal opportunities, and occupational health and safety.
The bank seeks to integrate its ESG scoring criteria into our vendor screening process – further ensuring sustainable practices across our supply chain.
The Procurement Department has implemented an entirely paperless procure-to-pay system through which all contracts are managed, and it is leading a project to transition from physical to digital business cards throughout the organisation.
All paper used in the Group is made from 100% renewable fibres from PEFC-certified plantations – a policy that aims to eliminate deforestation and supports best practice forest management.
We actively seek suppliers based in Abu Dhabi and the UAE, and 93% of our procurement budget was spent locally in 2022.
Our bank cards are made from 86% recycled plastic. (Verified by the Card Eco Certification Scheme).
Policies for Procurement
The Bank seeks to integrate environmental and social criteria within our procurement policies and processes.
Our suppliers must abide by our Vendor Code of Conduct and share our values. As well as adhering to applicable laws and standards, the Code requires all suppliers to:
- Disclose and manage actual, potential, or perceived conflicts of interest concerning their engagement with the Bank
- Comply with privacy and data protection laws to protect ADCB, its customers and employees
- Take steps to reduce their environmental impact, while creating a positive social impact through their products and services
- Have robust business continuity capabilities
- Adopt fair and ethical employment practices, and identify and reduce risks of child labour and modern slavery in their supply chain
- Pay a pre-defined minimum salary to their employees according to local labour laws and regulations
- Notify the ADCB of any security incident that may affect data or assets
By incorporating these ESG considerations into our vendor screening process, we are now facilitating more sustainable practices across our supply chain. Read more about our policies and our Vendor Code of Conduct here.