ABSA to go public with CSR rankings

27 March 2008
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27 March 2008

South African bank ABSA is to publicise the corporate social responsibility (CSR) scores it awards its suppliers.

It follows the launch of the firm's Supply Chain Corporate Responsibility (SCCR) framework, which gives CSR greater importance. It aims to change the focus of CSR from short-term objectives on improving social, ethical and environmental risks, to identifying commercial opportunities. In the first part of the framework, suppliers will complete a questionnaire, ranking them in three areas - human rights, environmental impact and business integrity. ABSA will then work with the suppliers to improve their ratings.

The study is being sent to 40 operational and strategic suppliers. The group aims to publish the scores in the press, with comments about performance, by this autumn and intends to update and publish the scores annually.

The results will also be used to differentiate suppliers when bidding for contracts.

Ian Russell, chief procurement officer at ABSA, said: "The SCCR agenda should become a shared commitment between ABSA and our suppliers."


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