Progress in 2005
- We have promoted our 'Green Supplier Award' to encourage and recognise environmental projects which have 'Made a Difference'. The 2005 winner was National Car Rental for its action to increase the number of diesel cars available for employees to hire.
- We've updated our Group-wide Ethical Purchasing Principles to reflect our corporate values that gender and ethnic origin continue to be irrelevant in our supplier selection process.
- We have extended these Principles to include minimum expectations of suppliers relating to human rights, equal opportunities and the adoption of ethical purchasing practices within their supply chains.
- We have obtained approval for an escalation process, through Legal & General's Risk Management framework, for identified and unresolved supply chain CSR issues.
- A new role (Risk and Project Manager) has been created within Corporate Procurement to reflect our acknowledgement of the importance of our supply chain to the overall CSR strategy.
- A CSR workshop was held with the purchasing centres in July 2005. A second workshop was held in January 2006 to promote the extended Ethical Purchasing Principles.
- We've engaged with several key health and safety suppliers to improve their awareness and management of these risks.
- The number of environmental key suppliers has increased by 22% from 68 to 83. 23 suppliers were assessed for the first time.
- Group-wide, we've replaced our purchase of 100% virgin copier paper with product manufactured from 100% post consumer waste. This decision saves an estimated 3,225 trees a year from being felled.
- We have engaged with the Waste & Resources Action Programme (WRAP) to review opportunities for improvement in recycled content of Legal & General's marketing papers. This project is scheduled to report in 2006.
- Environmental specifications are now in place for 47% of key commodities (26% in 2004, 21% in 2005). The remaining key specifications (53%) will be developed by 2007. The target is for 80% of these key supplier agreements to be reviewed in the period 2005-7.
