Green Procurement

EUROFIMA’s operations focus on the provision of sustainable and responsible financing. Therefore, the majority of suppliers are service providers (e.g., consulting services, rating agencies, auditors, law firms, marketing agencies, etc.), who, in contrast to goods providers, are less prone to contributing to negative environmental impacts. In 2024, procurements were made from a total of 125 suppliers, with 89% of the purchased volume coming from service providers.

EUROFIMA has defined Guidelines for Supplier Assessment and Monitoring to ensure that the procurement process follows a sustainable approach.

In 2024, we classified 5 new suppliers as core suppliers, where procurement exceeded an internally defined threshold. One of these suppliers had a Sustainalytics ESG risk rating in the negligible range, with procurements being product-based. The remaining four were consulting service providers who completed the sustainability questionnaire and met at least 50% of our defined criteria. Since the introduction of this monitoring methodology in 2023, we have monitored and analyzed in total 24 core suppliers. These suppliers will be fully reassessed every three years.