Our Mission Statement for Sustainable Procurement
Sustainability is at the heart of our mission, shaping our strategy, values and practices. To highlight our commitment to sustainability across all operations, we have issued our Mission Statement for Sustainable Procurement.
Our Mission Statement describes how:
- Our Procurement Policy incorporates sustainability in all aspects of procuring goods and services.
- Our Procurement Unit acts as a catalyst for positive change, integrating ESG principles into our value chain.
Building on these principles, our green procurement approach provides for selecting products and suppliers with a strong focus on eco-friendly choices and responsible partnerships.
Labelled eco-friendly products
We choose environmentally friendly products in the day-to-day operations of Eurobank every chance we get. Our product specifications provide for environmental labelling, such as the Energy Star, FSC, PEFC, Ecolabel, etc., where applicable.
In this context, we use specific tools:
- Environmental specifications for the essential goods we purchase. We establish criteria, so our procurement managers can evaluate and select green products.
- Evaluation method for green procurement. We use evaluation schedules to compare the technical specifications of our suppliers and their products.
Hand-picked suppliers
We strive to share the same environmental attitude with our network of suppliers. To this end we evaluate the suppliers we choose based on environmental criteria:
- We review their environmental policy and the environmental system they implement.
- We ensure that the products and services they offer are environmentally friendly.
- We take into account whether and how they incorporate ESG criteria in their operation, i.e. factors affecting the environment, social responsibility and governance.
We were honoured for our choice of suppliers at the BRAVO Sustainability Dialogue & Awards 2021, for the initiative “Suppliers Evaluation for the Bank and the Eurobank Group”.
Environmental awareness
We pass our environmental awareness on to our customers and employees. Find out how we raise awareness among our people on environmental issues.
