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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). To ensure this, partners pledge to respect BayernLB’s sustainability agreement. Furthermore, this includes the pledge to pass on the standards to their own suppliers and external partners as well.
We regularly conducts spot checks to ensure compliance with the sustainability agreement in the course of supplier audits. The agreement includes the option of extraordinary termination of agreements if suppliers and external service providers breach these standards.