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 2023, EUROFIMA has additionally defined the Guidelines for Supplier Assessment and Monitoring to ensure that the procurement process follows a sustainable approach.
The Guidelines for Supplier Assessment and Monitoring can be found here.
In January 2023, EUROFIMA conducted the first sustainability monitoring of its core suppliers. A total of 19 suppliers were selected based on the orders placed in previous years: 2020, 2021 and 2022. Three of them had a Sustainalytics ESG score classified within a Low ESG Risk Rating category. The remaining 13 suppliers filled in the questionnaire and three were evaluated based on publicly available data and their sustainability reports. All of the 16 suppliers satisfied at least 50% of EUROFIMA’s sustainability criteria.