We expect our third parties to support our Procurement for Mutual Good programme and ambitions. This includes complying with our Third Party Code of Practice – PDF, 1MB (opens in a new window) and the minimum green, diversity and ethical standards it sets out.
We aim to partner with third parties to meet these standards wherever relevant and strive to collaborate on projects to enhance collective sustainability performance.
Potential suppliers are screened to check they can meet the code’s standards at registration, alongside being asked about compliance with the UK Modern Slavery Act and decarbonisation targets. We have also partnered with EcoVadis to evaluate our suppliers’ sustainability performances on an ongoing basis and co-develop improvement plans where relevant.
With our Responsible Purchasing Principles we encourage our sourcing and third party management colleagues to prioritise green, diversity and ethical considerations. And we support them with further awareness raising and engagement activities.
“We recognise that good procurement is responsible procurement. Our Sourcing teams strive to enhance the quality of goods and services procured, which at Nationwide includes continually improving their responsible business performance.”
Hannah Coopey, Shared Services Responsible Business Senior Manager
We’re proud of the progress we’ve made and of the recognition we received from the Chartered Institute of Procurement and Supply for the Best Initiative to Deliver Social Value in 2020.