We forge long term relationships with suppliers to ensure stakeholder value is maximised on a sustainable basis. In doing so, we are best placed to understand how various environmental, social and governance risks might impact a supplier’s business operations and how we can work together to address potential issues.
Approach to procurement
Wherever possible, we seek to make further contributions to local economies by sourcing products and services from nearby businesses. As an example, we spent more than $14 million last financial year on goods and services procured in the Bendigo region (where the Bank is headquartered). Support for local businesses stimulates local economies and generates employment opportunities.
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Supplier Code of Conduct
We source goods and services from over 2,000 suppliers, with an annual procurement spend of close to $700 million. Our suppliers are a critical part of our success, and we diligently select and retain suppliers who share similar values to ours. We have created a Supplier Code of Conduct that calls attention to these values and the minimum requirements we expect our suppliers to meet or exceed.
View Supplier Code of Conduct.
Enterprise Procurement guiding principles
Enterprise Procurement has the responsibility to deliver procurement as a service to Bendigo Bank.
Bendigo Bank will be guided by sound commercial and ethical principles that facilitate project delivery, while always acting in the interest of the customer, the project, Bendigo Bank businesses, stakeholders, and the environment.
These principles enable us to:
- Source the best requirements fit (sourcing solutions);
- Develop suppliers that are capable of delivering the Bank’s requirements (supplier capability);
- Seek best prices for the requirements fit (value for money);
- Manage suppliers to ensure obligations are delivered and ongoing performance enhanced (solution delivery);
- Ensure contractual arrangements meet acceptable risk profiles (acceptable risk);
- Maintain an environment where all suppliers are treated fairly, equally and ethically (ethical and fair treatment);
- Consider impacts on the environment, corporate responsibility, and social responsibility (environmental, corporate and social responsibility);
- Ensure internal and external processes are accountable, transparent and impartial (probity, accountability and transparency); and
- Manage, develop, and maintain procurement tools, policies and procedures to a high standard (tools, policies and procedures).
For general contract and tender enquiries please contact us
