The Danske Bank Group wants to conduct business that creates value in a sustainable manner on the basis of customers’ needs. We also want to help create social and environmental improvements for our suppliers, and we have therefore adopted a supplier policy that applies to all purchases of goods and services at all business units and subsidiaries throughout the Group. It is essential that our suppliers comply with national laws and internationally recognised standards and conventions for ethical, environmental and social conditions.
When we purchase goods and services,
- we want to participate in a professional collaboration that creates long-term value for both parties
- we want to base our collaboration on trust and mutual interest
- we want the individual suppliers to comply with the Danske Bank Group’s guidelines and requirements for products and collaboration
- we do not want to be associated with any type of anti-competitive agreement
When choosing a supplier, the Group considers it an advantage if the supplier is locally represented in the countries in which the Group operates.
Responsible sourcing
As a member of the UN’s Global Compact, the Danske Bank Group works to promote and integrate the Global Compact’s ten principles on human rights, employee rights, the environment and anti-corruption in the Group’s business activities and at suppliers, which are required to adhere to the Group’s
guidelines on responsible sourcing.
Compliance
We base all our purchases on a balance between price on the one hand and quality and reliability in delivery deadlines on the other, ensuring that suppliers comply with the ethical, social and environmental requirements set forth in the guidelines on responsible sourcing.
In cases where we believe that a supplier does not comply with the Group’s policy and guidelines, we will initiate a dialogue with the supplier in order to clarify the circumstances. The Group thus actively seeks to help improve the supplier’s social, ethical and environmental conditions. Our requirements are specified in the contracts with individual suppliers, and if the dialogue does not lead to improvements, we reserve the right to end our business relationship with suppliers that continue not to follow our guidelines.
The Group’s suppliers are responsible for introducing the Danske Bank Group’s supplier policy in their own supply chains.
This is a translation of an original document in the Danish language. In case of discrepancies, the Danish text prevails.
Last updated on 6 October 2011