- In January 2020, we launched our Supplier Code of Conduct which holds suppliers accountable for ESG risk and sustainable business practices.
How does BBH ensure its suppliers share a commitment to sustainable values?
We acknowledge that our sustainability impact includes not just the work we do directly but also the work that is done on our behalf. Therefore, we seek to enter into relationships with suppliers who share our values, including ethical dealings, environmental stewardship, and human rights and labor practices that support dignity and inclusion.
BBH maintains a global supplier management process and conducts comprehensive due diligence on each supplier with which we engage. The question of how BBH holds its suppliers accountable for ESG risk and sustainable business practices caused us to enhance our ESG screening and launch a Supplier Code of Conduct. As of January 2020, BBH requires all suppliers who meet a materiality threshold to commit to the code.
Conduct comprehensive screening on ESG factors and Supplier Code of Conduct on material suppler contracts and renewals.
Core Program Components
- We maintain a comprehensive global vendor management process that governs the firm’s vendor risk management controls and sets forth requirements for managing external supplier relationships.
- All BBH supplier engagements, whether with new or existing suppliers, require the review and pre-approval of the Vendor Management Steering Committee.
- Our vendor technology assessment program ensures the confidentiality, integrity, and availability of BBH and client data when using a supplier.
Based on 2019 data