Sustainability Report 2015
Supplier management
Supplier management is of particular importance to Hannover Re. In addition to reducing our procurement costs, we ensure observance of our compliance principles and avoid associated ESG risks through comprehensive evaluation of our suppliers.
At the Hannover location three different areas are responsible for the procurement of a range of products and services: Facility Management (FM), Information Technology (IT) and a group made up of the various specialist units. Goods are purchased either directly from the manufacturer or through suppliers. In this context a Code of Conduct for Suppliers safeguards adherence to environmental and social standards. We carry out a corresponding evaluation of our suppliers at regular intervals.
By engaging in an active dialogue with our suppliers Hannover Re is able to build sustainable and robust relationships with its vendors. Furthermore, the ongoing professionalisation of our procurement assures our competitiveness. We are currently taking steps to give greater consideration to cost/benefit aspects, improvement of service quality and the standardisation of services and conditions. Not only that, through consolidation of the portfolio of IT service providers we are also able to reduce costs. Our systematic supplier management brings about efficient and transparent processes and serves to accelerate procurement.