Key Principles

Socially responsible purchasing

 

Our socially responsible purchasing policy

 

Socially responsible purchasing is part of the sustainable development policy launched by Natixis in 2004.

 

The approach is based on the principles of the Global Compact, of which Natixis has been a signatory since 2007, defined as respect for human rights and international labor standards, protection of the environment and the prevention of corruption.

 

A socially responsible purchasing policy provides a strategic and operational lever with which to implement a policy of sustainable development.

 

  

The principal objective of the socially responsible purchasing policy is:

  • to promote products and services that are more environmentally friendly and that bring guarantees and, where possible, added value at the corporate social level;
  • to formalize these principles via a sustainable development clause in contracts signed with Natixis’ suppliers.

  

For Natixis, this means:

 

  • Giving preference to products, services and businesses that meet the social and environmental challenges linked to their activities;
  • Gradually raising its social and environmental standards to comply with the logic of continuous improvement.

 

Through this purchasing policy, broader objectives are also pursued:

 

  • Promoting official ecolabels and eco-designed products;
  • Evaluating our suppliers in terms of the social and environmental challenges associated with their products, services or industries;
  • Encouraging greater transparency on the part of suppliers in descriptions of their products’ environmental characteristics.

 

In concrete terms, the Purchasing Department :

  • makes available to Natixis employees a "Sustainable Development Purchasing Reference Book" regularly updated by the sustainable development management team,
  • shares with suppliers the "Natixis Supplier Charter" which acknowledges our sustainable equipment values,
  • includes a sustainable development clause in Natixis' contracts and requests for proposals (RFP),
  • assesses suppliers in terms of social and environmental practices.

 

Associated contents

How does Natixis manage its risks ?

  • By complying with its contractual obligations and banking regulations;
  • By managing the risk of its suppliers
  • By monitoring the risk of financial dependence of suppliers;
  • By its commitment to the management of sustainable development risks.

Professional code of ethics

The Ethical Purchasing Charter is intended for all the employees of Natixis who purchase, or are likely to purchase, a product or service.

As well as clearly identified purchasing decisions, the Charter also applies to all supplier relationships.

For example, loyalty, respect for confidentiality, independence of judgment and equal treatment of suppliers are some of the principles that are detailed in the Ethical Purchasing Charter.