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EFG Eurobank Ergasias S.A. Corporate Social ... - EuroCharity

EFG Eurobank Ergasias S.A. Corporate Social ... - EuroCharity

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Stakeholders<br />

Suppliers<br />

The <strong>Eurobank</strong> <strong>EFG</strong> Group has adopted a strict policy and transparent procedures for the evaluation,<br />

selection and treatment of suppliers. The same procedures are applied to all the Banks and other subsidiaries<br />

of the Group, in Greece and abroad. Supplier evaluation is based on objective criteria, such as<br />

market shares, specialization, money-for-value, as well as timely and consistent delivery. Other factors to<br />

be considered include the suppliers’ possible prior good cooperation with the Group, recommendations<br />

from other clients, as well as any possible ISO certifications. Relations with each supplier are reassessed<br />

annually, and are taken into consideration for renewing the deal.<br />

All orders concerning the Banks and companies of the <strong>Eurobank</strong> <strong>EFG</strong> Group are made electronically<br />

through the corporate Intranet. The procurement procedure is subject to a strict code of conduct, designed<br />

to guarantee impartial treatment.<br />

The Procurement Sector of <strong>Eurobank</strong> <strong>EFG</strong> in Greece has been ISO certified by the British Standards<br />

Institute.<br />

CORPORATE SOCIAL RESPONSIBILITY & SUSTAINABILITY 2007<br />

27

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