Sustainable procurement: BayernLB sets standards for suppliers

Sustainable procurement – suppliers’ promise

BayernLB expects suppliers and external service providers that want to do business with BayernLB to comply with recognised environmental and social standards, including the core labour standards of the International Labour Organisation (ILO). Partners therefore undertake to respect the BayernLB sustainability agreement. Furthermore, this includes the pledge to pass on the standards to their own suppliers and external partners as well.

As part of its supplier audits, BayernLB regularly conducts spot checks to ensure compliance with the sustainability agreement. The agreement provides for the possibility of extraordinary termination of agreements if suppliers and external service providers breach these standards.