Nordea EN English Dansk Norsk Suomi Svenska Supplier Code of Conduct Breadcrumb Home About us Supplier portal Supplier Code of Conduct Supply chain Sustainable procurement is increasingly on the agenda and this presents both risks and opportunities. Nordea’s Supplier Code of Conduct (SCoC) is mandatory for all our contracted suppliers. It requires the supplier to adhere to the core principles of the UN Global Compact within the areas of human rights, labour standards, environment and anti-corruption. Suppliers are obliged to convey Nordea’s SCoC or similar principles onto their sub-suppliers. The SCoC is an integral part of Nordea’s contract templates. Even if the contract with the supplier is not signed on a Nordea contract template, the code is still mandatory and needs to be part of the agreement. This applies irrespective of the products we are buying. Hence, interaction with suppliers regarding sustainability is mandatory before contract signing, and when renegotiating. Download our Supplier code of conduct and read more. Download Nordea Supplier Code of Conduct PDF, 5MB Supplier engagement is essential to advancing sustainability performance We apply a risk-based approach to our supply chain. We focus our efforts where they have the greatest impact, recognising that supplier segmentation is an ongoing process and continuing the work we initiated in 2018. All potential suppliers are pre-screened before contracting on a number of parameters such as country risk, sector risk, reputational risk as well as for compliance with sanctions. Based on the pre-screening, all high-risk suppliers are assessed using a sustainability questionnaire, which then determines whether additional engagement is required. This engagement can result in mitigating actions, on which follow-up is performed, or even disqualification. Explore more Sustainability at Nordea It is about making a difference together with our customers by enabling them to make sustainable choices, contributing to society’s goals through climate action and social impact. Read more Risk governance Managing ESG-related riska is key to maintaining our financial strength. Here, we explain how we integrate sustainability considerations into our risk governance. Read more Our organisation We strive to meet your specific needs, regardless of you’re a personal, a corporate or institutional customer. Through our four business areas, we offer you expertise across a full range of products and services. Read more About us Who we are Nordea in society Corporate governance Investors Nordea in figures Reports & presentations Share News & insights Press room Economic Outlook Blogs Careers Vacant positions Join us Locations Sustainability Sustainability at Nordea Sustainable Choice Reports Our services Corporates & institutions Small & medium businesses Personal customers Contact us General terms Privacy policy Cookies Accessibility Site feedback Nordea Bank © 2021 Nordea’s use of cookies Dansk Norsk Suomi Svenska Nordea uses own cookies as well as cookies from third parties. Cookies are used to enhance your online experience and to remember your preferences, for example language. Cookies are also used to analyse web traffic and to show you targeted ads in our own and third parties’ online media. We ask for your consent to use such cookies, except for necessary cookies which are needed to run our website. If you click on “Settings” below, you are able to decide which cookies you want to consent to. By clicking “Accept all cookies” you consent to all cookies from Nordea and our third-party collaborators. You can change or withdraw your consent at any time. You can read more about the use of cookies and how you can withdraw your consent in our cookie policy. Accept all cookies Settings