Suppliers

Corporate Monitoring of Suppliers

The Red Eléctrica Group is immersed in a project for the transformation and continuous improvement of its processes associated to the management of the supply chain; a project aimed at establishing an optimal portfolio of suppliers that allows it to obtain the best expected cost whilst respecting the sustainability criteria of the Company.

One of the key levers of this project is the implementation of a corporate model for the monitoring of suppliers that encompasses aspects and viewpoints in the following fields: business, commercial and financial, technical performance and corporate social responsibility (occupational health and safety risk prevention, environmental and working conditions - ethical business behaviour).

Transparency, objectivity and fairness

The main benefits identified in the implementation of this model are, on the one hand, to continue to guarantee compliance with the principles of transparency, objectivity and fairness with and for suppliers and, on the other hand, increase our commitment to create value in the supplier stakeholder group.

Therefore, one of our first actions will be to strengthen the communication channels with our suppliers in the corporate monitoring of suppliers and the tendering processes.

Information will periodically be published in this space of the website on the developments and progress regarding the implementation of the process for the corporate monitoring of suppliers.