2023 Sustainability Report Summary
INTRODUCTION OUR CLIENTS OUR PLANET OUR PEOPLE AND COMMUNITIES OUR BUSINESS ACKNOWLEDGEMENTS
2023 SUSTAINABILITY REPORT | 24
Supply Chain Management
Cushman & Wakefield’s global supply chain comprises thousands of suppliers of goods and services that support our corporate operations and the needs of our clients. Our global Procurement team works with local property and facilities managers to leverage enterprise-wide processes and technologies for supplier due diligence, selection, performance management and reporting.
Building a Sustainable Supply Chain Our procurement activities are consistent with the values, ethics and sustainability focus that underpin all our operations. We are committed to delivering our products and services with the highest standard of environmental care and social responsibility, in line with our commitment to a sustainable future. We strive to partner with suppliers that align with our values and uphold high standards of business integrity and respect for human rights. We have a Global Procurement Policy that outlines the responsibilities, rules and regulations to be adhered to in the procurement process. We expect our suppliers to ensure that they understand and comply with our Global Vendor/Supplier Integrity Policy . It establishes our expectations for business integrity, labor practices, health and safety, environmental management, and anti-bribery and corruption. We expect our suppliers to comply with all applicable laws in the countries in which they operate and deliver goods and services in a manner that is safe and financially viable. Cushman & Wakefield incorporates sustainability requirements across the procurement life cycle (RFP, due diligence, award, onboarding, supplier management and risk management) and seeks opportunities to improve our processes and the performance of our supply chain. We have established a vendor risk management cybersecurity program monitored by our Information Security team in partnership with our Compliance and Procurement teams. We assess the security and privacy practices of our suppliers in line with the cybersecurity risks associated with the products or services they provide.
We measure the ESG engagement of our suppliers with the help of a third-party provider and are incorporating ESG supplier questionnaires into our onboarding for new suppliers. The questionnaires capture supplier emissions (for allocation into our Scope 3 emissions as applicable), examine forced labor risks, diversity and human rights elements, and educate suppliers on ESG priorities. Initial insights are highlighting opportunity areas within specific supplier segments. In 2023, over 4,800 new and existing suppliers completed our ESG intake questionnaire. We believe this level of engagement results in part from our strong relationships with our vendors and from the active involvement of our various business lines with our suppliers on HSSE issues.
Made with FlippingBook. PDF to flipbook with ease