The NAB Group is committed to ensuring that the practices of its businesses are fair, responsible and sensitive to the needs of a diverse range of stakeholders.
We recognise that as a large purchaser of goods and services, our responsibility extends to the management of our supply chain. The business conduct and performance of our suppliers can have a significant impact on our sustainability performance and our reputation within the communities in which we operate.
The NAB Group is committed to maintaining a Supplier Sustainability Program to monitor and manage sustainability risks within our supply chain. A key component of this program is the introduction of the Group’s Supplier Sustainability Principles, which specify the sustainability requirements for suppliers providing goods and services to our businesses.
Our procurement process clearly informs potential suppliers of our expectations, policies and requirements and outlines our preference to do business with suppliers that have sustainable business practices. All supply contracts put out to tender are evaluated against a pre-determined evaluation matrix which includes any relevant Corporate Responsibility and sustainability criteria so that we can meet our commitments to:
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NAB Group is committed to working with our supply chain to improve the sustainability performance and reduce potential risks. Each of the businesses we operate across the globe is working on initiatives and programs that are relevant to its region and market in an effort to improve its supply chain’s sustainability performance. To learn more about what each of our businesses are doing, please see below.
- Bank of New Zealand
- Clydesdale Bank
- Great Western Bank
- National Australia Bank
- Yorkshire Bank
We publicly communicate our performance in sustainable supply chain management annually through our Supply Chain Dig Deeper.