EcoWorld’s sustainability efforts are guided by the 17 Sustainable Development Goals (SDGs) designed by the United Nations as a “blueprint to achieve a better and more sustainable future for all”. We are committed to taking positive steps towards greater achievement of the goals most relevant in the context of our operations in the hopes that our efforts will count towards the global achievement of the SDGs. This Sustainable Procurement Policy reflects our commitment to embedding sustainability in everything we do.
Procurement plays a large role in the work that we do, from daily administrative needs to the building blocks of our developments. Conducting the procurement function sustainably means making sure that the products and services that we source, and their related suppliers are both environmentally and socially responsible. Sustainable procurement must also be ethically sound and make good financial sense.
This Sustainable Procurement Policy serves as a guide for EcoWorld’s procurement activities as well as the procurement practices of our supply chain partners conducting business with and on behalf of EcoWorld.
The Sustainable Procurement Policy is approved by EcoWorld’s Sustainability Committee and endorsed by the EcoWorld Board of Directors.
EcoWorld reserves the right to conduct periodic assessments on supply chain partners’ performance in the aspects of (but not limited to) sustainability practices, product and service quality, adherence to EcoWorld’s procurement criteria, compliance with rules and regulations, ethics, and financial health. Opportunities for improvement will be communicated and deliberated in a respectful manner with the relevant supply chain partners.
This Policy and its supplementary guidelines will be made available to all staff on the intranet portal, and are also to be communicated to current and prospective suppliers. The Policy will also be made available for viewing by the public via the EcoWorld corporate website www.ecoworld.my.
Training and awareness sessions will be conducted for all staff periodically to ensure that the spirit of
the Policy is widely understood and practised robustly.