05 June 2008
KPMG is claiming to be the first accountancy firm in the UK to launch a code of conduct for its suppliers.
The code contains 10 points including promises to act with integrity and uphold ethical standards, never use child or bonded labour, minimise environmental impact, and provide for the health and safety of workers.
Mark Powderham, head of procurement at the firm, said the code is the result of 12 months' work on sustainable procurement, and its roll-out follows recent board approval. "Bought-in goods and services are critical to the achievement of our CSR and diversity objectives. The next logical step is to integrate our suppliers and contractors within our approach," he said.
The code will apply to all KPMG's contracted suppliers. It spends approximately £300 million with around 6,000 vendors annually.
Powderham is confident suppliers will accept the code as part of their contract. If a vendor is unwilling, the company will, where possible, work with them to overcome the issue.