Selection policy

Caja Madrid continues to develop and complete supplier certification requirements to strengthen the following areas:

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• Respect for the environment and compliance with basic environmental legislation in all supplier activities.
• Respect for basic human rights, in line with the global initiatives implemented by the International Labour Organisation (ILO) to promote social justice and internationally recognised human and labour rights.
• Compliance with the other component principles of social responsibility, such as participation in or cooperation with the organisations spearheading these efforts.

The formal commitment undertaken by Caja Madrid with its suppliers is reflected in the incorporation of environmental clauses into all contracts as a means of fostering the greatest possible environmental safeguards in the supply chain. A standard annex on the prevention of occupational hazards is also added to agreements for services performed on Caja Madrid premises.

In addition, the main suppliers are given questionnaires on quality and environmental issues. These are used to evaluate certain parameters and allow a score and rating to be obtained for each supplier. At present this method has been used to analyse 318 suppliers.