We recognise the need to reduce sustainability risks inherent in our supply chain and take an active approach to promote responsible practices with our suppliers. We also welcome the opportunity to proactively use our procurement decisions to drive positive outcomes in our local communities.
Vicinity engages a large number of suppliers to provide goods and services to successfully run our business.
Our supply chain activities are distributed across three key categories that represent different aspects of our business.
|Developments and Refurbishments||Builders, civil contractors, materials suppliers, design consultants and trades persons|
|Operations||Suppliers of facilities management services such as waste management, cleaning, security, mechanical, landscaping and maintenance, vertical transport and essential services such as energy, gas, heating and cooling, sewerage and water|
|Corporate Offices||Suppliers of information and telecommunication services, professional service consultants, travel, accommodation, events and marketing.|
Our procurement processes classify our suppliers into four main categories – major projects, strategic, functional and tactical – according to the level of impact the product and/or service provided has on our business with regards to guest experience, reputation, risk, cash flow (spend size), competitive advantage or regulatory compliance. The supplier classification provides a framework which guides how we engage with and manage our suppliers. When it comes to our strategic suppliers, we seek to build long-term stable contracts with the aim of creating mutually beneficial outcomes for Vicinity, our suppliers and the communities in which we operate.