• Profile
  • TSKB in Brief
  • TSKB's Subsidiaries
  • Products and Services Of TSKB
• Performance
  • Value Creation
  • Awards & Recognitions
  • CEO's Assessment
• Approach
  • TSKB's Sustainable Banking Strategy
  • TSKB's Sustainability Priorities
• Dialogue
  • TSKB and Stakeholder Engagement
  • TSKB's Stakeholders
  • 2010 Stakeholder Dialogue Highlights
• Sustainability and Environmental Issues
  • Sustainable Banking at TSKB
  • Sustainable Banking Performance: the Economic Dimension
  • The Renewable Energy Sector and TSKB
  • TSKB Energy Index
  • TSKB, Climate Change, and the Environment
  • TSKB's Efforts on Behalf of Sustainability and the Environment
  • Who Wouldn't Want to Be Sustainable?
  • ISO 14001 Certification
  • The Structure of the TSKB Environmental Management Team
  • TSKB's Environment Policy
  • TSKB's Environmental Impact
  • Sustainable Banking Performance: the Environmental Dimension
  • Developments in External Environmental Impact
• Corporate Governance
  • Absolute Compliance With Laws and Regulations
  • TSKB's Corporate Governance Structure
  • Compliance With Corporate Governance Principles
  • Risk Management at TSKB
  • Prevention of Money-Laundering and the Financing of Terrorism
  • Relations with Suppliers
• People
  • Human Resources and the Workplace at TSKB
  • The TSKB Performance Management System
  • TSKB Compensation and Reward System
  • TSKB Human Resources Structure
  • Human Rights and Employee Rights at TSKB
  • Competency Development and Training
  • Health and Safety at TSKB
  • Commuting By Sea
  • Internal Communication at TSKB
• The Community
  • Social Responsibility at TSKB
  • "Environment: Our Priority": Past and present
  • The NGOs that TSKB Collaborates with
• Summarized TSKB Goals and Performance
• Appendices
  • About This Report
  • Statement GRI Application Level Check
  • Global Reporting Initiative Cross Index
  • Online Sustainability
  • Imprint
  • Communication and Service Channels

Sustainability in the context of supplier-related functions means selecting products and services which take environmental and social as well as economic impact into account when determining total cost.

RELATIONS WITH SUPPLIERS

TSKB focuses on working with suppliers who understand the concept of sustainability and who have made it essential to their business practices.
Sustainability in the context of supplier-related functions means selecting products and services which take environmental and social as well as economic impact into account when determining total cost. In other words it means establishing and developing relationships with suppliers whose behavior in the procurement process is responsible and sustainable.

As a matter of principle, TSKB requires companies with which it enters into a supplier relationship to assess their own environmental impact and abide by associated procedures, which includes obtaining such licenses etc as may be required.

Sustainability in TSKB-supplier relationships is governed by contracts which both parties sign.

TSKB requires, within the framework of its own Environment Management System (EMS) and ISO 14001 Environmental Management System certification, that suppliers fulfill their responsibilities in accordance with environmental law and international regulations.
Suppliers who enter into agreements with TSKB must explicitly state that they will cooperate with TSKB to fulfill the Bank’s demands on environmental and similar matters. In such agreements, the importance of this issue is underscored by the stipulation that failure to comply with such demands constitutes justifiable grounds for the termination of a supplier’s contract.

When identifying firms from which it will procure services, TSKB informs potential suppliers of the existence of its ISO 14001 certification and of their need to cooperate fully with the Bank in the fulfillment to follow the procedures set forth in it.

By adhering to this approach in the conduct of its relationships with suppliers, TSKB contributes towards minimizing the indirect environmental impact of its activities while also ensuring that its principle of sustainability is recognized and adopted by an increasingly larger group of stakeholders in the business world.