Company: GIFLF
Filing Date: 2025-02-26
Form Type: 6-K
Source: 0001104659-25-017501
Chunk: 61

Company: Grifols SA
Filing Date: 2025-02-26
Form: 6-K
Chunk 61
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 the integration    
 of ESG criteria into its Global Procurement system, as well as to design        
 a new global ESG procurement framework, expected to launch in 2025.             
 It includes several key initiatives including the implementation of a           
 technological solution to identify, monitor and classify supplier ESG risks     
 based on the identified risk levels. In addition, the tool will also enable the 
 collection of specific supplier information and data.                           
 In addition, the company will update its master service agreement (MSA)         
 used with its suppliers to include specific clauses addressing ESG factors      
 and develop internal training programs, scheduled for implementation in         
 2025, to strengthen ESG competencies within the organization.                   
 These initiatives aspire to mitigate risks, as well as to support and guide     
 suppliers with lower maturity in critical areas such as respect for human       
 rights and the importance of reducing emissions.                                
 Recognizing that corporate responsibility extends beyond direct actions         
 and in line with new challenges associated with the value chain, Grifols’       
 Global Procurement department has, since 2024, dedicated two individuals        
 exclusively to managing risks and ESG criteria within its value chain.          
 Supplier Code of Conduct                                                        
 Grifols requires all of its suppliers to comply with the applicable legislation 
 in their countries of operation. It further reinforces this requisite with a    
 Supplier Code of Conduct, which defines the minimum standards of ethical,       
 social and environmental behavior that suppliers must adhere to.                
 Framed from an ethical standpoint, the Code regulates conflicts of interest,    
 fair competition, commercial controls, the fight against bribery, corruption    
 measures, the acceptance of gifts, money laundering, product quality and        
 safety, clinical trials and animal welfare, among others.                       
 In the areas of labor and human rights, it emphasizes respect for human         
 rights and the promotion of fair treatment, and prohibits practices such        
 as forced labor, modern slavery and child labor. The code also includes         
 concrete guidelines on health and safety, environmental management              
 and the development of sustainable management systems, ensuring                 
 responsible operations throughout the entire value chain.                       
 Global Procurement Policy                                                       
 Grifols’ Global Procurement Policy outlines the guidelines and common           
 procedures for purchasing processes and supply strategies, ensuring that        
 goods and services are procured through transparent, objective, timely,         
 ethical and cost-effective decision-making.                                     
 This policy establishes a consistent, unified framework for procurement         
 processes across the entire organization, supporting more efficient risk        
 management and ensuring total compliance with all internal and external         
 policies, procedures and