Sustainability Report 2012 - Generali Versicherung AG

at a glanceSUPPLIERSThe Generali Group believes that, in an increasingly globalised andintegrated economy, creating a network based on long-lasting and mutuallysatisfactory relations with qualified contractual partners - that ensure highquality products and services for the Group - is a strategic objective whichbuilds competitive success.The Ethical Code for suppliers of the Generali Group outlines the generalprinciples that have to underpin fruitful relations with contractual partners:correctness and honesty, transparency and impartiality, preventing conflictsof interests, fair competition and confidentiality, protecting workers and ofthe environment.1.6billion euros inprocurement expensesSuppliers are required to follow the Group’s policies while performingbusiness and to ensure compliance also with all the levels of the relevantsupply chain.The supplier selection process is carried out through clear, certain, nondiscriminatoryprocedures, exclusively using objective, documentable andtransparent criteria linked to the quality of products and services offered.Quality is also assessed in consideration of compliance with internationalethical principles on labour and human rights, as well as considering theenvironmental impact of the manufacture and supply methods used.Most of procurement expenses occur with local suppliers, with positiveeffects on the social and economic fabric of the communities where theGroup companies operate, as it creates jobs and stimulates economicgrowth. Selecting local suppliers together with other green policies alsoallow to limit the impact of company activities on the environment.of which: 89.8%of which16 | Assicurazioni Generali - Sustainability Report 2012