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vendors under ESG standards*
of suppliers contracted are based in the same location where we procure services
We introduce ESG criteria in the selection of and negotiations with third parties.
vendors under ESG standards*
of suppliers contracted are based in the same location where we procure services
We introduce ESG criteria in the selection of and negotiations with third parties.
* represent 43% of vendors providing any high-risk services
Responsible procurement
Because our suppliers affect the environment and broader society, we hold them to strict ethical, social and environmental standards. Our third-party model and certification policy to manage them sets out a common methodology for supplier selection, approval and evaluation in all countries. Its responsible behaviour principles consist of minimum ethical, social and environmental standards (regarding human rights, health and safety, diversity and inclusion) our suppliers must meet, are consistent with the ten principles of the Global Compact.
Similarly, we have an ethical channel for third parties providing services to Banco Santander, S.A. or our subsidiaries to report employee conduct that fails to uphold the terms of their relationship with Santander. Furthermore, our supplier risk management platform, which operates in our core markets, integrates third-party management and reporting, and consolidates supplier certification data.