Responsible Supply Chain
Drive sustainable climate practices in our operations
We have continuously strived to work with suppliers and vendors who practice the highest ethical business conduct and demonstrate environmental, social and economic responsibility. We understand that our supply chain, which cuts across various industries, has a significant impact on our ESG commitments, hence, we ensure that our procurement teams uphold the highest ethical values and standards in managing our supply chain-related functions towards a more sustainable future.
We believe that how we do business must fundamentally change to move away from an unsustainable path. Our impact relies on how we select and work with suppliers, including vendors and contractors, to deliver the support needed in managing our business. We hold our suppliers to the same strict ethical standards to which we hold ourselves, focusing on policies and programs related to human rights, resource efficiency, climate impact, and waste.
Our Procurement Policy
It defines how our central Procurement department supports sourcing, purchasing and supplier management activities across our business, ensuring best practice and compliance with the firm’s policies and standards. Here, we:
- ➦ Insist on the highest ethical standards from both our suppliers and staff. We conduct procurement activities in an open and transparent manner to ensure the highest standards of integrity and to avoid any conduct capable of misinterpretation.
- ➦ Treat all supplier information, including pricing and other commercial terms, as strictly confidential and we require suppliers to treat our information similarly.
- ➦ Our partners and staff are instructed to refuse all offers of gifts, money and/or hospitality from suppliers other than minor gifts of low intrinsic value such as pens, diaries etc. We therefore discourage our suppliers from offering such gifts, hospitality or entertainment which, if offered, will be politely returned.
Suppliers who are also clients of KPMG
The suppliers of goods and services we require on an ongoing basis are also our clients, including Lalamove Philippines, Inc. and Share Treats Innovation Corporation. In such situations, we apply strict procedures to ensure full integrity and objectivity and that no undue influence is exerted favoring the award of any order or contract to a client of the firm.
Conversely, on those occasions when a client does offer best value, our procedures ensure that the award of an order or contract does not lead to a potential, perceived or actual bias, conflict of interest or influence upon the objectivity and integrity of our relationship with the client in question.
What we've done to drive progress
100% spending on local suppliers*
*except for the procurement of electronic equipment
We have implemented small-scale initiatives to incorporate sustainability in our supply chain such as practicing conscious choices of using sustainable and environmentally friendly alternatives for the products we use in our offices including those we provide our employees with, where we prioritize suppliers that promote sustainability and sustainable products and packaging. For instance, we have partnered with a local supplier since FY2021 for our Christmas giveaways, in which products are made from local artisans and crafted from eco-friendly and natural materials.