Sustainable procurement

As a non-manufacturing enterprise, our procurement is mainly limited to electronic and IT equipment, office supplies, and food for the bank’s own cafeteria, as well as consulting, IT, and marketing services.

Landwirtschaftliche Rentenbank is committed to respecting human rights, the Core Labour Standards of the ILO, and the Diversity Charter. In addition to implementing these principles in our relations with our own staff, we also intend to place a greater emphasis on these aspects in our procurement activities. To this end, we formulated and introduced the Sustainability Requirements for the Procurement Activities of Landwirtschaftliche Rentenbank in 2023.

The Sustainability Requirements define the expectations for Rentenbank’s suppliers in relation to environment, social, and governance issues. They are applied to a constantly growing number of contracts and in all European tenders.

The review of environmental and social standards on the basis of quality seals will still be considered in decisions regarding service providers and suppliers. Thus, we observe recognised sustainability standards in the procurement of office supplies. For example, we only use certified copy paper (FSC and Blue Angel) in our copiers and printers and only use certified envelopes (FSC) for outgoing post and externally printed publications. In the procurement of IT hardware, we will give even greater preference to electricity-saving components and sustainable materials in the future. Furthermore, we seek to purchase regional and seasonal food products for use in our internal cafeteria.