Procurement Policy
In order to efficiently manage our supply chain to achieve sustainable development throughout the organization, Thai Wah has developed the “Green Procurement” policy under our corporate social responsibility strategy. Economic, social, and environmental issues have become part of the criteria for our selection of business partners. Products and services that are environmental-friendly and safe for employees’ health have also been procured, for examples:
- A list of significant partners has been compiled for analysis and risk assessment on social and/or environmental aspects, such as human rights, worker and labor care, business ethics, compliances with environment-related laws, etc.
- Annual performances of key partners have been summarized. The Company, through our internal units, also has a policy to continuously enhance capacity of key partners in various areas.
- Development of fair procurement procedure under which all the business partners are treated equally, and selection of products and services certified under environmental standards.
- Support for the use of products that utilize renewable and non-polluting resources, such as, the green-label products, or products under waste reduction program, etc.
- All business partners are informed of the Company’s anti-corruption policy
In 2020, procurement of suppliers local to that operation accounted for 51% and procurement of environmental-friendly products and services under starch and food businesses accounts for 11% of the total procurement budget.
Procurement of Environmental-Friendly Products and Services
Supplier Code of Conduct
