Social Capital

Supplier Selection

Within the framework of its responsible banking philosophy, Development and Investment Bank of Türkiye aims to improve the environmental and social performance of its suppliers, and in this context, it interacts with and guides its stakeholders. The Bank aims to contribute indirectly to environmental and social impact through the activities of its suppliers and to ensure the sustainability of the supply chain. In this context, the Bank pays attention to the selection process of its suppliers.

The Bank conducts procurement transactions in accordance with the “Procurement and Tender Regulation.” In addition, when it is possible to procure products or services from the domestic market, the Bank prioritizes domestic suppliers.

TKYB has established a procedure to regulate and determine the supplier selection process and published this procedure on February 8, 2021. In order to improve the environmental and social performance of the services provided by its suppliers, the Bank has published a document that includes conditions such as occupational health and safety, environment, and employee rights. This document was published on July 29, 2020, and is called the Supplier Code of Conduct. These principles are included in all new and renewed contracts.

The Bank is working to determine the most appropriate supply chain management and to perform the following main functions:

Supply management plan

Identification of potential vendors and assessment of qualifications

Making make/buy decisions

Management of Tender/Bid/Contract processes

Acceptance of supplies

These processes are managed through specific rules, business processes, and functional tasks. Necessary Development and Investment Bank of Türkiye manages and develops the supplier selection process.