Our procurement spending spans all categories across the group, from services and materials for our buildings to IT systems and desktop hardware and software. Our spend generates a positive economic impact in the marketplace and supports the development and growth of other companies within the supply chain.
Our Head of Group Procurement and Supplier Management is responsible for the Legal & General Supplier Code of Conduct and for maintaining a supply chain that reflects and aligns to our own standards of conduct for how we do business.
We use independent tools to monitor the reputational performance of suppliers. We hold regular meetings with our key suppliers to ensure risks are proactively managed, keep them up to date with ongoing projects and share pertinent knowledge on latest market trends, best practice and new technologies.
We strive to work with like-minded businesses; we therefore require suppliers to comply with our Supplier Code of Conduct and be able to demonstrate compliance. The purpose of our Supplier Code of Conduct is to safeguard the relationships between us and our suppliers and to establish standards that ensure our suppliers operate ethically, are environmentally responsible and that their workers are treated with respect and dignity. Our suppliers should also have suitably robust processes in place to maintain these standards and be able to provide evidence if required.