Page 107 - Demo

Pre-Qualification Process%uf097 Initial evaluation of prospective contractors and suppliers in compliance with international standards across 4 key aspects:%u2022 Sustainability and Governance%u2022 Health, Safety, Security & Environment (HSSE) %u2022 Information Security%u2022 Organisational and financial capability %uf097 The above standards screen for the following sustainability-related criteria:%u2022 Environmental management, pollution prevention, resource efficiency%u2022 Prohibition against modern slavery, fair employment practice and treatment%u2022 Business ethics, anti-corruption, and conflict of interest%uf097 Only those who pass the Pre-Qualification requirements will be considered qualified contractors and suppliers.Supplier Evaluation Process%uf097 More in-depth evaluation of contractors and suppliers based on:%u2022 Commercial criteria (e.g.Total Cost of Ownership)%u2022 Technical criteria (e.g. technical capabilities, sustainability and HSSE, etc.)%u2022 Contractors and suppliers may be subject to further ESG screening if there are significant gaps from the Pre-Qualification Process.%uf097 Identification high consequence contractors and suppliers for scope of work that involve high sustainability and HSSE risks that significantly affect business operations%u2022 Site-visits for further evaluation if required (e.g. site-visit to inspect supplier%u2019s waste management process)%uf097 Selected contractors and suppliers to acknowledge Contractor Code of ConductSupplier Quality Management (SQM) %uf097 Regularly review performances of existing contractors and suppliers via the SQM process to maintain compliance and high standards%uf097 Use results of SQM to inform improvement actions especially for high consequence contractors and suppliersSUPPLY CHAIN MANAGEMENT PROCESSLOCAL SOURCINGValeura prioritises sourcing from local contractors and suppliers whenever appropriate as part of its goal to support the local communities where it operates and strengthen local economies. VALEURA ENERGY INC. 107