ABOUT US
GULF places great importance on conducting business in a sustainable manner. We recognize that this means not just ensuring our own activities are sustainable, but also promoting responsibility among others by developing strategic partnerships with suppliers who we know can help us create a more positive impact on the world. We work with over 4000 suppliers around the world.
Our approach to supply chain management reflects our commitment to sustainability by integrating ESG issues into our supplier selection criteria. In addition to general criteria such as quality of products/ services, cost, delivery time and after-sales support, GULF also considers criteria that would reflect how environmentally and socially responsible suppliers are (such as their human rights track record, news of environmental violations, or reputation with local communities) as well as how strong their governance mechanisms are (such as incidences of fraud or corruption).
GULF does not work with suppliers who have been blacklisted by financial institutions or other national/ international entities who systematically assess suppliers. Suppliers must provide written/ recorded acknowledgement of the GULF Supplier Code of Conduct and pass a verification process to be placed on our Approved Vendor List (AVL). These suppliers are then further assessed based on whether they are considered critical and/or high ESG-risk suppliers. Our supplier verification and assessment process includes but is not limited to document checks, interviews, news watches, and site visits. We assess suppliers after their provision of service and at least annually, with assessment scores considered in conjunction with our selection criteria to determine whether or not to keep suppliers on the AVL. To ensure that sustainability remains a high priority in our supply chain management approach, we have also set supply chain KPIs related to ESG issues (see below). We are proud to report that, thus far, we are 100% on track to achieving our supply chain sustainability targets and will continue to work to strengthen our entire value chain as we move forwards on our journey towards becoming an internationally trusted company.
